Unless Congress acts, the TCJA's individual provisions expire December 31, 2025. The top rate reverts to 39.6%, the standard deduction roughly halves, and personal exemptions return. I've been running 2025-vs-2026 comparisons for my US-filing clients — the differences are significant and worth planning around now.
I keep a close eye on developments like these so my clients don't have to. Tax law changes can significantly affect your filing strategy, and I believe the earlier you understand them, the better positioned you are to plan effectively.
Whether you file in Canada, the United States, or both, staying current on these changes is essential. In my cross-border practice, I've seen firsthand how policy shifts in one country can create unexpected obligations — or opportunities — in the other.
If you have questions about how this affects your specific situation, please don't hesitate to reach out. I'm here to help you navigate these changes and make the best decisions for your financial future.