Change Is the Only Constant in Financial Planning
One of the biggest challenges in financial planning is adapting to ever-changing tax law. The latest U.S. legislation, often referred to as the “Big Beautiful Bill,” introduces several updates advisers should keep on their radar.
At Voyant, we’re already preparing for these shifts. Our goal is simple: to make sure your planning remains accurate, reliable, and client ready. All updates will be available in Voyant before the legislation takes effect, so advisers can confidently present plans that reflect the latest rules.
Key Updates Coming to Voyant
- Gift and Estate Tax Exemption
- The federal exemption is set to rise from $13.99 million to $15 million per taxpayer, indexed to inflation.
- Connecticut’s exemption will continue to match the federal amount.
- Standard Deduction
Starting in 2025, the enhanced standard deduction will increase to:
- $31,500 for joint filers (up from $30,000)
- $15,750 for single filers (up from $15,000)
- Other Provisions Reviewed
- Child Tax Credit – While not directly modeled in Voyant, it can be reflected using our existing tax credit functionality.
- Senior Enhanced Standard Deduction – From 2025–2028, taxpayers age 65+ may claim an additional $6,000 per person, subject to income limits. This can be represented using Voyant’s tax credits and deductions features.
- SALT Deduction – Advisers can continue to model this deduction year-by-year using existing Voyant functionality.
Why This Matters
Legislative shifts like these don’t just change numbers on a page—they can alter a client’s entire outlook and long-term goals. That’s why having financial planning software that evolves with regulations is essential.
With Voyant, advisers can:
- Model tax planning strategies with confidence, knowing the rules are always up to date
- Keep client conversations focused on goal-based planning rather than scrambling over legislative details
- Incorporate changes seamlessly into holistic planning, showing how new tax laws impact everything from cash flow to legacy strategies
- Build trust by demonstrating proactive preparation, not reactive adjustments
In short: you can focus on giving advice, while Voyant ensures the framework behind it is always accurate. That’s why advisers trust Voyant as the best financial advice tool for adapting to change, because your clients deserve strategies that stand strong, no matter what Washington does next.