Year-End Tax Planning Strategies for 2025

Welcome! I’m attorney Justin M. Kennedy with Litherland, Kennedy & Associates, a California estate planning and elder care law firm. In today’s video, I’m breaking down what you need to know about the new July 2025 tax law—including the provisions that were made permanent, the new benefits set to expire in 2028, and the strategies you can use right now to lower your tax bill. This update brings major opportunities for smart tax planning, from valuable tax credits to increased retirement contribution limits to charitable strategies that still work even if you take the higher standard deduction. Understanding these changes can help you reduce your taxes in 2025 and set yourself up for long-term savings. If you want clear, practical guidance on how these new rules may impact your financial and estate planning decisions, you’re in the right place. Let’s get started.