Tax Reform
Learn about the latest tax reform developments and their potential impact on your clients' income, portfolios and financial plans more broadly.
House Panel to Vote on Backdoor Roth IRA Curbs, RMD Hike for Wealthy
By Melanie WaddellThe panel also plans to vote this week on increasing the corporate and capital gains tax rates.
August 26, 2021
Debate: Should Mega Roth IRA Balances Be Capped?Two professors debate whether the IRS should be able to tax any amount of tax-preferred IRAs exceeding an established limit.
August 19, 2021
Biden Plan Protects 97% of Small Businesses From Income Tax Hikes: TreasuryFew small-business owners fall in the top tax bracket, and many have benefited from tax credits in the American Rescue Plan, the White House says.
August 18, 2021
House Budget Chair Lays Out Next Steps for Tax, Spending BillThe House plans to vote next week on the Senate-passed budget resolution.
August 18, 2021
Retirement Bill Is 'Fatally Flawed,' Kitces' XY Planning Tells LawmakersThe Retirement Security and Savings Act would allow steering of plan participants into higher-cost proprietary investments, Kitces said.
August 12, 2021
The Senate Passed a Tax and Infrastructure Bill. Here's What Comes Next.Senate Majority Leader Chuck Schumer pledges to push ahead with Biden's agenda. Where will the final bill land?
August 09, 2021
Biden Corporate Tax Hikes Would Hit Retirees, Small Businesses: StudyNew research by the Joint Committee on Taxation finds the hikes could disproportionately hurt U.S. workers, retirees and some 1.4 million small-business C corps.
August 05, 2021
New Bill Closes 'Entire' Carried Interest Tax LoopholeWyden's bill would end the recharacterization of income to lower-taxed investment income and the deferral of tax payments.