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Talking Taxes: How to Prepare Clients for Upcoming Changes

Talking Taxes: How to Prepare Clients for Upcoming Changes April 27, 2021 The U.S. tax landscape is shifting again. Recently, President Biden proposed one of the most significant tax hikes in roughly three decades. That sounds ominous, but itโ€™s also an avenue for advisors to engage with clients on tax mitigation strategies and how to move forward in what could ultimately become a higher tax environment. โ€œAccording to Bloomberg, to the extent the Biden plan focuses on individual income tax...
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What to watch for in a rising tax environment | Retirement Income Channel

On March 11, President Biden signed the $1.9 trillion American Rescue Plan Act into law. This comes on the heels of $2.6 trillion in COVID-related spending in 2020. According to the Government Accountability Office, the U.S. national debt hit $26.9 trillion as of September 30, 2020 with the $4.2 trillion increase over 2019 being the highest on record. 1ย With this as background, it probably surprised very few people when Bloomberg News recently announced: โ€œBiden Eyes First Major Tax Hike Sinc...
United States Doug Ewing Government Accountability Office President Biden American Rescue Plan Act Bloomberg News

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