On April 28, 2021, President Biden introduced the $1.8 trillion American Families Plan. Included within were several major proposed tax changes that Congress will deliberate between now and the end of the year.
Below are five key tax proposals that we are watching between now and year-end:
During his presidential campaign, Joe Biden outlined his tax policy proposals, which included rolling back some key provisions of the recent Tax Cuts and Jobs Act (TCJA). Even though tax reform may be on hold for 2020 or 2021, below we take a look at some of the key proposals of the "Biden Tax Plan" compared to current law.
In the midst of the developing coverage of the coronavirus, individuals should not lose sight of significant planning opportunities -- some of which are tied to recent market volatility. Included within are some strategies that we are evaluating with our clients.
SBK Planning Series: By Claire Craighill
The use of trusts to direct the disposition of assets has been around for centuries. The law of trusts first developed in the 12th century, at the time of the Crusades and under the jurisdiction of the King of England. The notion of articulating your wishes...
SBK Planning Series: By Tom Doyle
Family meetings have become a critical element to the success of families wanting to preserve their traditions, values and perpetuate a lasting legacy. Productive, structured meetings are sometimes thought to be financial only in nature...
SBK Planning Series: By Dean Williams
Keeping track of itemized deductions is a routine habit for taxpayers. But for the first time in over thirty years, itemized deductions were significantly revamped starting...