Recently the WYOCPA received a visitor for Senator Barrasso's office. Mason Champion, Legislative Assistant for Tax and Trade with Senator's Barrasso's office stopped by for lunch to discuss the 2025 tax provisions that will be expiring in 2025. We specifically talked about bonus depreciation, qualified business income deductions and estate and gift tax exemption amounts and how this is impacting future planning.
A big thank you goes out to Brent Willis, CPA partner at the MHP firm in Cheyenne for being our expert on the topic, especially since it was a last-minute request!
We appreciate the relationship we have with our legislators in DC and look forward to future discussions.