A look at some of the tax provisions in the Build Back Better bill

President Biden’s signature Build Back Better bill that passed in the House of Representatives contains a number of tax provisions that are designed to help pay for the $1.75 trillion legislation. The bill now heads to the Senate for consideration, where most congressional observers believe it will undergo a number of changes. While the final […]

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 […]