Biden to sign $1.2T infrastructure bill

President Biden plans to sign on Monday, Nov. 15, the $1.2 trillion infrastructure bill recently passed by the House of Representatives and approved earlier this summer by the Senate. Below are some of the provisions included in the bill that will become law once President Biden signs the bill: The Employer Retention Tax Credit would […]

Tips for keeping taxes lower should capital gains rise

An increase in the capital gains rate is under serious consideration in Congress. President Biden has proposed a plan making its way through Congress that would increase the capital gains rate on taxpayers earning more than $1 million from 20% to 39.6%, retroactive to April 2021. In the past week, the House Ways & Means […]

Tax changes on tap with two infrastructure bills

Two significant infrastructure bills are making their way through Congress. Earlier this month, the Senate approved a $1.2 trillion “hard” infrastructure bill and will begin negotiations soon on a much larger $3.5 trillion “soft” infrastructure bill that serves as the outlines of the 2022 budget resolution. Both measures will undergo the political “sausage making” process […]