Closing Out the Year Together: Tax Strategies, New Opportunities, and Firm News
As we approach the end of another year, it’s a natural time to pause, reflect, and prepare for the season ahead—both personally and financially. With several important tax law changes taking effect under the 2025 Act (also known as OB3), year-end planning carries even more significance than usual. This edition of our annual newsletter brings together a comprehensive overview of strategies that may help you reduce your 2025 tax bill, make informed financial decisions, and position yourself and your family for a strong start to the year ahead.
Inside, you’ll find guidance on a wide range of planning opportunities for individuals and businesses:
Smart tax planning for individuals, including strategies for adjusting your withholding, reviewing your investment portfolio, bunching deductions, planning charitable gifts, and using flexible spending accounts effectively.
New and expanded tax provisions under the 2025 Act, such as increased SALT deduction caps, enhanced itemized deduction rules, and the temporary additional deduction for taxpayers age 65 and older.
Retirement planning options, from Roth conversions to establishing or optimizing retirement plans for small business owners.
Estate and gift tax considerations, including annual exclusion gifts and upcoming changes to estate and generation-skipping tax exemptions.
The new federal “Trump Account”, a tax-advantaged savings opportunity for children born between 2025 and 2028.
Business-focused strategies, including maximizing Section 179 deductions, leveraging bonus depreciation, timing income and expenses, and making the Pass-Through Entity Tax (PTET) election to mitigate SALT deduction limitations.
In addition, we’ve included important updates from across the DeLong & Brower family:
A heartfelt remembrance of founding partner Ted DeLong,
Celebrations of new licenses, achievements, and staff milestones,
Exciting growth through the addition of new team members and the acquisition of Scarpone & Co,
Leadership updates from Buursma Agency,
And highlights from DeLong & Brower Financial Services, including our firm-wide focus on relationships, coordinated client service, and the deep bench of credentials across our advisory and client service teams.
Above all, this newsletter reflects our ongoing commitment to serve you with thoughtfulness, strategy, and care. The tax landscape continues to evolve, and we want every client to feel informed, prepared, and supported as they navigate these changes.
Thank you for placing your trust in us—for your loyalty, your partnership, and the opportunity to walk alongside you through every season of life and planning. We look forward to continuing to serve you in the year ahead with clarity, purpose, and a relationship-driven approach to your financial wellbeing.
Please enjoy the full newsletter attached in the PDF, and as always, reach out to our team if you would like help applying these strategies to your unique situation.
2025 Year End Tax Newsletter