Having adapted to frequent, and sometimes major, legislative changes in recent years (namely the TCJA, the SECURE Act, the CARES Act, and most recently, the American Rescue Plan Act), many are understandably concerned about what changes could be imminent. High-income households, in particular, have been targeted for tax increases under Biden’s tax plan. While recommendations may be premature, it is important to proactively engage with your financial planner regarding potential future tax law changes. By familiarizing yourselves with President Biden’s tax plan now, you can be positioned to take action as these changes are implemented.
We have created a checklist to guide your considerations regarding the highlights of President Biden’s tax plan. To receive your copy, please fill out the form.