In the News | CNBC
Trump’s tax plan is uncertain for 2025 — here are key lessons from his 2017 tax overhaul
Dec. 14, 2024 · Authored by Duncan Campbell
The 2017 Tax Cuts and Jobs Act showed how quickly tax changes can upend individual and business strategies. Baker Tilly’s Duncan Campbell tells CNBC that many used last-minute strategies, like prepaying property and state taxes, to maximize deductions.
Provisions like the 20% pass-through deduction highlighted the complexity — and the need for expert advice. With potential changes looming in 2025, the lesson is clear: plan early to stay ahead.
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