Tax Reform
Learn about the latest tax reform developments and their potential impact on your clients' income, portfolios and financial plans more broadly.
March 27, 2024
Tax the Rich Is Actually a Popular Bipartisan Stance, Poll ShowsMajorities of voters in seven swing states say they favor raising taxes on those earning more than $400,000.
March 12, 2024
Biden Floats $2 Co-Pay Limits on Popular Drugs Under MedicareThe caps proposed in Biden's budget would apply to blood pressure and cholesterol drugs.
March 11, 2024
Biden's $7.3T Budget Sets Up Tax Fight With TrumpNew services, middle-class tax breaks and price controls would be funded by higher taxes on the wealthy and corporations.
February 20, 2024
IRS Collected $500M From Wealthy Tax CheatsThe agency also wants to boost in-person assistance this filing season, Commissioner Danny Werfel said.
February 15, 2024
Bezos Reaps Florida Tax Benefit With $4B Amazon Share SaleA capital gains tax in Washingon, where the Amazon executive chairman lived earlier, now faces a ballot measure seeking to repeal it.
February 14, 2024
SALT Deduction Bill Heads for House VoteThe SALT Marriage Penalty Elimination Act would double the deduction cap for joint filers for 2023.
February 13, 2024
SALT Deduction Bill to Get Procedural Vote WednesdayThe SALT Marriage Penalty Elimination Act would double the cap to $20,000 for couples earning less than $500,000.
January 31, 2024
House Passes Tax Bill With 100% Bonus DepreciationThe bill also expands the Child Tax Credit as well as research and development expensing.
January 31, 2024
House GOP Mulls New Tax Bill on SALT DeductionThe bill could double the cap on the state and local tax deduction for couples, news reports said.
January 29, 2024
New Bill Repeals Social Security Tax, Raises Cap on WealthyIt would "be fully paid for by raising the cap for individuals earning more than $250,000 annually," said Rep. Yadira Caraveo.