Tax Update

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Tax Legislation Update

On Wednesday (January 31, 2024), the U.S. House of Representatives passed HR 7024 – The Tax Relief for American Families and Workers Act of 2024. This $78 billion tax package passed in the House with an 83% approval rate and now makes its way to the Senate. Highlights of HR…

February 1, 2024

Provisions in Biden’s Tax Proposal that May Cost You Money

President Biden’s proposed tax plans contain many provisions that could affect the amount of income tax you pay in the near future. His plans contain provisions to increase taxes for wealthier Americans which will help fund infrastructure spending and proposed tax cuts for lower income Americans.  The following highlights from Biden’s…

June 28, 2021

Joe Biden’s Tax Policy — How Might it Affect You

The phones have been ringing off the hook with the same question: How might Joe Biden’s tax policy affect me and/or my business?  The answer depends on the January 5th, 2021 Georgia runoff Senate contests.  If both Democratic candidates are victorious, all three branches of government will be under President-elect…

January 7, 2021