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How to Prepare for Higher Tax Brackets in 2026
Analysis September 04, 2024 at 12:19 PM
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What You Need To Know
- Clients could face higher tax brackets when much of the sweeping Trump-era tax overhaul of 2017 expires.
- The standard deduction, along with breaks for mortgage interest and state and local taxes, could also revert to their pre-2017 levels.
- Advisors and clients should wait for the November election results, private tax partner Jessica Perna of EY says.
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