Episode 64: 2024 Tax Season Recap and 2025 Tax Planning
by Financial Design Studio, Inc. / May 28, 2025You might think about taxes once a year, but as financial advisors, we think about it all year round! In this episode, we share what we noticed while filing 2024 tax returns and how, in light of upcoming legislative changes, you can start your 2025 tax planning today.
Take a listen right here, or head over to your favorite steaming platform!
Links for Your 2025 Tax Planning
Check out our past recaps to see how things have changed:
Podcasts on tax strategies
- Ep 62: How to Plan for RMD Taxes In Retirement
- Ep 50: Changes to Estate Tax Exemptions with Heather Walser
- Ep 18: Forever Tax to Never Tax with Roth Conversions
Videos on tax strategies
- Strategies to Reduce Your Taxes Today
- Strategies to Reduce Your Estate Taxes
- Inheritance Taxes for Beneficiaries
- Impactful Giving: Tax Strategies for Charitable Giving
- Save on Stock Option Taxes with 83(b) Elections
- Strategies for Restricted Stock Unit Taxes
Articles on tax strategies
Timestamps
1:16 Debrief of the 2024 season
9:24 What to know about the Tax Cuts and Jobs Act
21:50 What legislation do we expect to change?
28:34 What are tax planning strategies?
33:24 Changes to the estate and gift tax
Credits for Episode 64
Host: Michelle Smalenberger, CFP®
Guest: Steve Smalenberger, EA
Executive Producer: Anna Lewis
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