ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 216: Trump 2.0: The Potential Impact on Taxes, 401(k) Limits, and More

Today, we’ll break down the latest updates on 401(k), IRA, and HSA limits for 2025, and forecast the tax landscape under the new administration.

We’ll also look at the possible extension and expansion of the TCJA, the SALT cap, and tax credits—and even provide a few things you may want to do before year-end and things you may want to wait to do until after the new year kicks off.

Topics Discussed:   

  • The effect of a Trump presidency on tax rates.
  • Changes in 401(k) contributions, catch-up contributions, and HSAs.
  • What you need to know about matching contributions.
  • Trump’s stance on the SALT tax.
  • Tax updates and changes that are happening soon.
  • The chances of changes to the complex tax code.
  • What you can do this year (or wait until next year) to do.

Resources Mentioned:

Tags:

Trump administration, tax changes, contribution taxes, tax planning, retirement planning, emergency medicine, ER doc, ER doctor,