2024 Year-End Tax Guide

As we approach significant regulatory changes, RKL’s 2024 Tax Guide is crafted to prepare individuals and organizations for current and future tax planning opportunities.

Our commitment to strategic foresight is particularly critical as we approach the sunset of the Tax Cuts and Jobs Act of 2017 (TCJA) on December 31,2025. The 2024 RKL Tax Guide is designed to serve as a comprehensive resource for those seeking to optimize their tax positions in light of the TCJA’s approaching conclusion, as well as highlight a variety of tax planning strategies to ensure comprehensive readiness for the year ahead.

We encourage you to discuss these strategies with your RKL advisor, who can help integrate these insights into your unique financial and organizational circumstances. Our aim is to empower you with the knowledge and planning tools to navigate the tax landscape confidently, ensuring that you are well-prepared for the upcoming tax year and beyond.

Fill out the form to download your edition of the 2024 Year-End Tax Guide. This year’s guide includes:

• 2024 tax year figures and filings
• IRS and PA self-service options and online features
• Common credits overview, including energy efficiency home improvements, electric vehicle credits, and education deductions
• Sunsetting of the TCJA in 2025 and its permanent provisions
• Estate tax and legacy planning facts and figures as well as financial and estate planning
• Retiree tax information
• Tax strategies to consider
• Corporate Transparency Act, fixed asset planning, Energy Efficient Commercial Building Tax deduction
• International tax compliance
• Updates for state and local Tax
• Research & Development Tax Credits

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