**FAQs**

1. **What is the Tax Cuts and Jobs Act (TCJA)?**
The Tax Cuts and Jobs Act is a piece of tax legislation passed in 2017 that made extensive changes to individual, corporate, and estate tax laws.

2. **When is the sunset provision of TCJA scheduled to take effect?**
The sunset provision of TCJA is set to expire at the end of 2025.

3. **How will the expiration of TCJA impact taxpayers?**
The expiration of TCJA could result in changes to tax rates, deductions, and credits for individuals, pass-through businesses, and corporations.

4. **Should taxpayers consider planning ahead for the expiration of TCJA?**
Yes, it is advisable for taxpayers to start considering potential planning strategies now to be prepared for any changes that may occur after TCJA expires.

5. **What factors should taxpayers consider when planning for the expiration of TCJA?**
Taxpayers should consider their income level, filing status, number of dependents, and any potential impact on their Qualified Business Income (QBI) deduction.

**Conclusion**

The impending expiration of the Tax Cuts and Jobs Act (TCJA) in 2025 raises important considerations for taxpayers and financial advisors alike. Planning ahead for the potential changes that may occur after TCJA expires is crucial to ensure that taxpayers are prepared for any adjustments to tax rates, deductions, and credits. By understanding how different households will be affected by the sunset provision of TCJA, advisors can tailor their planning strategies to maximize benefits for their clients. It is essential for taxpayers to stay informed and seek professional advice to navigate the complexities of tax laws effectively.