Tag: Millionaires’ Tax
2025 Tax Law Updates and Strategic Planning (Ep. 140)

2025 Tax Law Updates and Strategic Planning (Ep. 140)

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From new tax rules to little-known retirement plan strategies, 2025 is shaping up to be a year of significant changes for many taxpayers.

In this episode, Peter Raskin unpacks timely provisions from the “One Big Beautiful Bill Act,” explains a tax-saving approach for employer stock, and addresses the impact of Massachusetts’ Millionaires’ Tax. With practical examples and forward-thinking strategies, he shares how clients are adapting their financial plans to take advantage of new opportunities and avoid costly surprises.

Peter discusses:

  • The key provisions of the 2025 “One Big Beautiful Bill Act,” including unchanged tax brackets, higher standard deductions, and an increased SALT cap through 2029
  • The temporary bonus deduction for older taxpayers with incomes under certain thresholds, and how it phases out after 2028
  • The Net Unrealized Appreciation (NUA) distribution strategy for employer stock in retirement plans, highlighting tax advantages and planning considerations
  • The Massachusetts “Millionaire’s Tax,” its impact on high-income earners, and potential strategies like timing transactions or changing residency
  • Ways to reduce taxable income in high-earning years, including charitable contributions, realizing investment losses, and exploring specific tax-efficient investments
  • And more!

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This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning.

Securities and investment advisory services offered through Osaic Wealth, Inc., member FINRA/SIPC. Osaic Wealth is separately owned, and other entities and/or marketing names, products, or services referenced here are independent of Osaic Wealth.

Osaic Wealth, Inc. and its representatives do not offer tax or legal advice. Individuals should consult their tax or legal professionals regarding their specific circumstances.