Broker Check

How Might President Biden's Tax Plan Affect Me?

May 06, 2021
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President Biden’s administration has outlined a tax policy built upon the agenda introduced during his campaign.

Do you know how or if these tax changes will impact you, personally?  That's the most important factor.  

Biden’s tax plan focuses on raising taxes on corporations and affluent households, while increasing credits for moderate- to lower-income households.

With Democratic control of Congress, changes outlined in President Biden’s tax plan have an increased possibility of becoming a reality. At what time, in what form, and to what extent remains to be seen; however, another round of tax law changes is likely on the horizon.

People are understandably concerned about what changes could be imminent.

Recommendations may be premature, however it is important to proactively educate yourself regarding potential future tax law changes. By familiarizing yourselves with President Biden’s tax plan now, you can be positioned to take action and seize planning opportunities when changes are implemented.

 

The attached Checklist will give you some insight about whether and/or how you might be affected by these potential changes. 

Download the checklist to see how this might impact you, HERE.

 

Please let me know if I can be of any assistance for you in evaluating how these potential changes might affect you and how to best position your finances and your actions to plan for any changes.