Four key tax changes in the new pandemic relief bill
In addition to broad relief measures, the latest pandemic relief bill includes several tax changes that could impact planning.
In addition to broad relief measures, the latest pandemic relief bill includes several tax changes that could impact planning.
With uncertainty around the upcoming elections, it is not clear what types of tax changes may be implemented under a new administration.
An increase in the child tax credit may help families realize a tax advantage even as the personal exemption is lost.
As discussion around tax changes increases on Capitol Hill, proposals point to a reduction in tax preference items and tax loopholes.