Tag: capital gains tax

Posts Tagged ‘capital gains tax’

Understanding Joe Biden’s Tax Plan

Posted by Manisha Hansraj on December 18, 2020

Last modified: December 18, 2020

Many Americans want to know how our future president’s tax plan will affect them.

Biden’s tax plan will affect wealthier Americans, corporations, and everyday individual taxpayers. He also plans on making significant tax revisions on Trump’s previous tax plan which took place in 2017.

Skip the tax jargon by taking a look at this quick breakdown.

Key Changes

Here are the major findings in Biden’s tax plan.

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Tags: 2021, 2021 tax changes, 2021 tax season, 2021 tax year, 2021 taxes, AMT, business taxes, capital gains tax, child and dependent care tax credit, corporation, CTC, estate, estate tax, first time homebuyer credit, gift tax, joe biden, joe biden's tax plan, new tax changes, QBI, social security, standard deduction, step up basis, tax bracket, tax changes, tcja
Category: Tax and Life Changes, Tax for Business, Tax News, Tax Tips and Tricks
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New Tax Plan: Trump’s Six Big Changes

Posted by admin on May 23, 2017

Last modified: May 31, 2017

Is Trump’s new tax plan making filing simpler, or is it really just a helping hand for the wealthy?

We’re reminded daily of the new guy in town…or office. Whether that reminder comes from seeing his face on a t-shirt or a protester’s sign outside your office window is a different story. Let’s put the opinions aside for a moment, shall we? If all goes according to Trump’s proposal, many changes will be taking place in the tax world. Here’s a breakdown of Trump’s new tax plan.