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Tax Policy Resource Center

Research-based insights at the intersection of changing tax policy and managing complex wealth from The Northern Trust Institute

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    Navigate to Election 2024 Results: Key Takeaways
    Election 2024

    Election 2024 Results: Key Takeaways

    Planning and market implications following the election.

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    Navigate to 2024 Election Update – Taxes Take Center Stage
    Election 2024

    2024 Election Update – Taxes Take Center Stage

    Explore the distinctions between each party’s proposals.

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    Navigate to Moore v. United States: What the Supreme Court Did and Did Not Say
    Election 2024

    Moore v. United States: What the Supreme Court Did and Did Not Say

    Understand the potential implications.

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    Navigate to Carried Interest and the 2024 Election: What’s at Stake?
    Election 2024

    Carried Interest and the 2024 Election: What’s at Stake?

    Explore each party’s proposals on taxing carried interests.

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    Navigate to TCJA Individual Income Tax Provisions Subject to the Sunset
    Election 2024

    TCJA Individual Income Tax Provisions Subject to the Sunset

    Taxpayers can plan for sunsetting provisions of the TCJA.

Election 2024: Planning Timeline

NAVIGATE TAX POLICY CHANGES

Let Us Help You Plan for Change

Our advisors can recommend strategies that have proven most effective in times of uncertainty.

Our approach to tax policy

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Plan, and Prepare for All Outcomes
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Focus on Flexibility
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Dimensions of Diversification
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Plan, and Prepare for All Outcomes
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Plan, and Prepare for All Outcomes
While the current election landscape may bear a resemblance to the one we faced four years ago, crucial differences demand immediate action. This time, Congress navigates an expiring tax law, significantly higher interest rates and record-breaking debt — factors feeding into each other creating a more predictable scenario.
“To mitigate potential risks, proactive planning and preparation are essential to focus on your long-term goals.”
Pam Lucina
Pam Lucina
Chief Fiduciary Officer and President of The Northern Trust Institute
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Focus on Flexibility
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Focus on Flexibility
With the election too close to call, the best tax planning is flexible, allowing you to respond as events unfold. Building flexibility into your estate plan, including any trusts you create, allows your plan to evolve with the tax landscape as well as other important considerations.
“You can use your goals as your lodestar, with a flexible plan as a framework that can be adjusted as more information becomes available about the tax policies likely to be adopted.”
Jane Ditelberg
Jane Ditelberg
Director of Tax Planning, The Northern Trust Institute
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Dimensions of Diversification
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Dimensions of Diversification
The prospect of changing tax rates has investors rightfully concerned about their bottom line. In particular, increased capital gains taxes would meaningfully lower returns for taxable investors in taxable accounts. Certain portfolio diversification strategies can help, including careful analysis of after-tax optimization, asset location and whether to realize capital gains.
"Ultimately, the right mix of diversified assets depends on your goals - the foundation upon which all investing and tax management decisions should rely."
Katie Nixon
Katie Nixon
Chief Investment Officer, Wealth Management

Insights for Professional Advisors

Coordinated advice to help clients plan for change. 

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LET US HELP YOU PLAN FOR CHANGE

Guided by the Northern Trust Institute’s evidence-based approach, our advisors can recommend strategies that have proven most effective in times of uncertainty. Request a meeting to prepare your plan for potential tax policy changes.