Tax Planning Strategies for 2025: 7 Moves HNW Families Should Make Now

Thayer Partners Thayer Partners October 06, 2025
Tax Planning
A team of financial advisors working in a bright office, with tax documents, planning charts, and a large 2025 calendar, symbolizing proactive, year-ahead tax strategy.

Top tax planning strategies for 2025: adapt to law changes and maximize after-tax wealth.

What’s new in tax law and why early planning matters for 2025

With new regulations and exemptions taking effect, 2025 is a pivotal year for tax planning—especially for high-net-worth individuals and families. While many strategies remain perennial (e.g., maximizing retirement contributions, harvesting losses, timing charitable gifts), the biggest value comes from adapting to the latest laws and leveraging transitions in tax policy. Start by mapping out all sources of taxable and tax-advantaged income. Annual tax maps illuminate opportunities for reducing AGI, managing capital gains, or restructuring gifts to minimize anticipated legislative impacts. This year, coordination is key: your tax, financial, and legal advisors should collaborate so that your overall plan remains efficient, legal, and aligned with your family goals. 

Leveraging deductions, credits, and proactive steps for high-net-worth clients

The 2025 tax year marks substantial updates: federal exemptions, deductions, and credits are shifting, and regulations for capital gains, estate taxes, and charitable giving are in legislative flux. For high-net-worth families, this means adapting quickly—reviewing how investment income, trust distributions, and even residency status may be taxed differently under new rules. Proactive actions such as accelerating or deferring income, bunching deductions, optimizing charitable strategies, or revisiting retirement plan conversions can translate to significant tax savings. Partner with a skilled CPA and wealth advisor to review asset locations and tax exposures every year—not just at year-end. 

Coordinating with your financial advisory team for tax-smart planning

Top-tier tax efficiency means not just minimizing taxes, but maximizing returns across generations. For 2025, pay close attention to how various accounts (brokerage, IRA, Roth, trusts) interact with rising exemption limits and changes in deduction thresholds. Charitable planning—including donor-advised funds and bundled giving—remains a powerful tool to reduce AGI, but should be coordinated with estate and legacy strategies. Take time to stress-test your portfolio for how law changes may impact both current and future tax bills. Annual reviews, scenario modeling, and regular updates with your advisory team are essential. 
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This material prepared by Thayer Partners is for informational purposes only.  It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product.  Thayer Partners is a Registered Investment Adviser. SEC Registration does not constitute an endorsement of Thayer Partners by the SEC nor does it indicate that Thayer Partners has attained a particular level of skill or ability. The material has been gathered from sources believed to be reliable, however Thayer Partners cannot guarantee the accuracy or completeness of such information, and certain information presented here may have been condensed or summarized from its original source.  Thayer Partners does not provide tax or legal or accounting advice, and nothing contained in these materials should be taken as such.

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