The 2024 election victory of former President Donald Trump, coupled with Republicans retaking the Senate and possibly retaining the House of Representatives, has put the spotlight on what this means for tax policy. Tax experts agree a likely result is the extension of key components of the 2017 Tax Cuts and Jobs Act (TCJA). Ben Henry-Moreland, a senior financial planning expert at Kitces.com, told Think Advisor that he anticipates a “Republican trifecta” in Washington, making the extension of the TCJA provisions highly probable. This includes the historically high estate tax exemption, higher …