Ask Tom Anything - November 2024

The outlook for tax legislation in 2024/2025, plus your tax questions answered

Happy Thanksgiving! I am thankful you are all part of the Tom Talks Taxes community, and I am looking forward to 2025 and beyond!

A key benefit of being a paid subscriber to Tom Talks Taxes is my annual Pre-Season Tax Talk. This year, it will be on January 7, 2025, at 4:00 PM ET / 1:00 PM PT. A formal announcement and Zoom link will be sent to paid subscribers in early December.

Before I answer your questions, I would like to talk about the election results and possible tax legislation in 2024 (yes, 2024!) and 2025.