Key takeaways

The new tax law presents several key opportunities you and your clients can consider this year to help lead to a more tax-efficient future.

  • If your client’s tax rate is expected to increase in the near future, consider strategies to take advantage of today’s currently lower tax rates.
  • If your client’s tax rate is expected to decrease, explore options to defer income.
  • Diversifying savings across tax-deferred, taxable and tax-free accounts can offer more flexibility and tax-efficient retirement income.

While the new tax legislation enhances and extends many benefits that had been in place since 2018, other provisions of the new law are temporary and set to expire at the end of 2028. Encourage clients to thoughtfully consider (with the help of their tax professional) how to make the most of these time-sensitive opportunities.

Count on Nationwide's Advanced Consulting Group to analyze the effects of the One Big Beautiful Bill Act and help you simplify it for your clients. The tax tips in our article take the new provisions into account.
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For more detailed strategies and tips, access the full article, which provides actionable advice to help clients secure 10 tax-efficient planning opportunities.

10 tax tips to review

Federal income tax laws are complex and subject to change. The information in this memorandum is based on current interpretations of the law and is not guaranteed. Nationwide and its representatives do not give legal or tax advice. An attorney or tax advisor should be consulted for answers to specific questions.