Time is of the Essence | How Advisors Can Prepare for the TCJA Sunset

Significant tax law changes are coming, and they could impact how your clients approach charitable giving. With the Tax Cuts and Jobs Act (TCJA) set to expire in 2025, key tax benefits that have shaped philanthropic strategies for years will soon disappear. Forward-thinking wealth managers who act now can help clients maximize tax advantages before the rules change. 

Our latest whitepaper,  Charitable Giving in Transition | Selecting the Best Strategy for Your Clients, provides a guide for navigating these upcoming shifts. From optimizing giving vehicles to strategic timing, we break down what advisors need to know to help their clients make the most of today’s tax laws before they expire. 

The Urgent Tax Shift Ahead

The TCJA has shaped how high-net-worth individuals structure their charitable contributions for nearly a decade. However, at the end of 2025 the higher standard deduction will shrink, Adjusted Gross Income deduction limits will drop, and itemized giving strategies will need to be reassessed. Without proper planning, donors could lose significant tax advantages or even postpone giving altogether. 

The good news? There’s still time to lock in today’s benefits before they disappear. The right strategy—whether through donor-advised funds, charitable trusts, or smart timing of donations—can help clients make a meaningful impact while protecting their financial interests. However, with the window closing, these conversations should start soon.

Steps to Keep Your Clients Ahead

Understanding these changes is just the beginning. To help clients take full advantage of today’s tax laws, wealth managers and fiduciaries must act before the TCJA sunsets. The key is knowing which vehicles will still be tax-efficient and how to implement them before it’s too late. 

Our latest guide offers actionable insight into:  

• Understanding the charitable tax benefits that will disappear after 2025
• Leveraging the most effective strategies to maximize deductions now
• Identifying the steps advisors should take before the tax law changes

The window is closing, don’t wait until tax advantages disappear. Download our whitepaper,  Charitable Giving in Transition | Selecting the Best Strategy for Your Clients, and ensure your clients are prepared. 

SS&C Innovest provides customized outsourcing solutions and Managed Services.  Organizations across the country, from community banks to national trust companies, leverage SS&C Innovest to manage these services on behalf of their clients. To learn more about how SS&C Innovest can support your firm’s needs, visit our website, call (800) 727-0605, or email info@sscinc.com.