Big Tax Changes Are Here — Here’s What You Need to Know
Some of the best breaks from the 2017 Tax Cuts and Jobs Act are now permanent, new incentives are in play, and a few popular credits are on the clock.
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Hancock Whitney Financial Planning
August 20, 2025 |
The new One Big Beautiful Bill just rewrote the tax playbook for high-net-worth families and business owners. Some of the best breaks from the 2017 Tax Cuts and Jobs Act are now permanent, new incentives are in play, and a few popular credits are on the clock.
This is your moment to lock in strategies while the rules are clear. Read our latest whitepaper “Stability At Last – Potential Impacts of the Latest Tax Bill” for in-depth details.
Key Highlights
Three Big Wins
- Estate & Gift Tax Exemption Stays High – $30M for couples in 2026, indexed for inflation.
- Lower Income Tax Rates Remain – Plus, higher child tax credit and permanent standard deduction.
- Business Owner Boost – 20% QBI deduction, 100% bonus depreciation, and higher Section 179 limits are here to stay.
New Opportunities
- Expanded HSA and 529 uses
- Senior deduction for retirees
- “Trump Accounts” encourage savings for newborns and minors
- Favorable deductions incentivize charitable giving
Act Before These Expire
- EV purchase credits (Sept. 30, 2025)
- Home energy improvement credits (Dec. 31, 2025)
The Bottom Line
This bill brings rare stability — and the chance to plan boldly with confidence.
Download the white paper to see the full breakdown, planning scenarios, and strategies to make the most of the new tax landscape.
Hancock Whitney is here to help evaluate your current situation, and help you visualize the benefits of proactive planning. We have provided trust and fiduciary services since 1935 and will collaborate closely with you and other trusted professionals to develop tailored strategies that optimize tax efficiency while aligning with long-term financial goals.
Our team is ready to help you achieve your financial goals. Contact your advisor today.
Please consult your tax professional.
The information, views, opinions, and positions expressed by the author(s), presenter(s), and/or presented in the article are those of the author or individual who made the statement and do not necessarily reflect the policies, views, opinions, and positions of Hancock Whitney Bank. Hancock Whitney makes no representations as to the accuracy, completeness, timeliness, suitability, or validity of any information presented.
This information is general in nature and is provided for educational purposes only. Information provided and statements made should not be relied on or interpreted as accounting, financial planning, investment, legal, or tax advice. Hancock Whitney Bank encourages you to consult a professional for advice applicable to your specific situation.
Hancock Whitney Bank offers investment products, which may include asset management accounts, as part of its Wealth Management Services. Hancock Whitney Bank is a wholly owned subsidiary of Hancock Whitney Corporation.
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