House Ways and Means Committee released its tax proposals totaling about $2 trillion in tax increases.
As lawmakers debate spending bills on Capitol Hill, the leading tax questions on the minds of advisors involve proposed changes to the tax code.
Students may want to consider using a Roth IRA to save some of their summer earnings.
Given the possibility of higher taxes in the future, investors may consider reviewing tax planning ideas and consider opportunities in the muni market.
A Biden administration proposal calls for a tax hike for corporations. If approved, it may impact how certain business owners structure their business.
Investors may want to consider certain strategies to hedge against the risk of higher taxes, including using a Roth IRA conversion.