Tax Reform
Learn about the latest tax reform developments and their potential impact on your clients' income, portfolios and financial plans more broadly.
August 08, 2022
SALT-Expansion Dreams Die as Biden Tax Bill Heads to HouseDemocrats had threatened to tank the bill if it failed to include the valuable tax break, which largely benefits those in high-tax states like New York and California.
August 08, 2022
2 Ways the Inflation Reduction Act Hits the WealthyTaxpayers earning over $400,000 will likely face more audits, according to Jeff Bush of The Washington Update.
August 07, 2022
Winners and Losers in Democrats' Signature Tax and Energy BillHere's a look at which groups and politicians come out on top and who takes a hit from the landmark bill, which now moves to the House.
August 07, 2022
Senate Passes Landmark Tax, Drugs and Climate BillThe legislation aims to prevent large firms from exploiting tax breaks and to let Medicare negotiate drug prices.
August 05, 2022
Wealthy Americans Escape Tax Hikes in Bill But Would Face Beefed-Up IRSTop-earners should prepare for audit levels not seen in decades, including reviews of complex financial dealings like cryptocurrencies and offshore investments.
August 05, 2022
Democrats Drop Carried Interest, Paving Way for Tax VoteBut lawmakers will add a new 1% excise tax on stock buybacks, while altering a 15% minimum tax on corporations.
August 04, 2022
Deal Reached on Tax Bill, Schumer SaysThe final version of the reconciliation bill will be introduced Saturday, Schumer said.
August 04, 2022
Debate: Will the Inflation Reduction Act Cure What Ails Us?The bill is a scaled-down version of the initial economic package. But is it too scaled down?
August 04, 2022
Schumer-Manchin Tax Bill Is in Peril: ValliereHowever, Schumer said Thursday afternoon that the Senate will vote "soon" on the Inflation Reduction Act.
August 03, 2022
Battle Erupts Over Claim Manchin Bill Raises Middle-Class TaxesThose earning less than $200,000 could see their tax burden rise 1%, an official, GOP-requested analysis finds.