Tax Reform
Learn about the latest tax reform developments and their potential impact on your clients' income, portfolios and financial plans more broadly.
Biden's $7.3T Budget Sets Up Tax Fight With Trump
By Justin Sink & Erik WassonNew services, middle-class tax breaks and price controls would be funded by higher taxes on the wealthy and corporations.
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.
January 29, 2024
Tax Bill With 100% Bonus Depreciation May Get House Vote This WeekIt also expands the small business expensing cap, increasing the immediate write-off to $1.29 million.
January 24, 2024
He Fled California Taxes. Now He's Fighting Them in WashingtonWashington has no state income tax but does have a 7% levy on capital gains over $250,000, which raised $900 million its first year.