The year 2024 saw a continued surging, yet volatile, stock market, continued cooling, but in flux, inflation, and growing hopes for a soft landing for the economy. The year was also marked by national elections in which Republicans gained control of both the White House and Congress. This change increases the likelihood that the soon-to-expire tax cuts in the Tax Cuts and Jobs Act of 2017 (TCJA) will be extended. This in addition to the potential impact to the Biden administration's efforts to strengthen IRS enforcement and provide tax incentives for green energy.

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