Possible tax law changes on the horizon
Investing in infrastructure
Helping families with education, child care and paid family leave
These are topics at the top of the agenda in Washington.
Where do the funds come from?
Tax increases.
Possible tax law changes on the horizon
Congress is discussing proposals and (possible) changes to tax laws.
Estate and gift taxation, FICA, and eliminating the $10,000 limit on SALT taxes — these are some of the tax proposals Congress is considering making changes to.
On the personal level, whether these changes affect you (or not) depends on your income bracket.
Those who will be mostly impacted by these changes include taxpayers with a household income over $400,000, who itemize, and make (or receive) annual gifts.
The big question is whether some of these changes will be made retroactively.
And the effects on individuals and businesses.
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