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Due to several Tax Cuts and Jobs Act (TCJA)1 provisions expiring at the end of 2025, next year is shaping up to be what some are already calling the Super Bowl of Tax.
If the Biden plan passes, there are 11 states where Americans subject to the new rules will face combined capital gain taxes over over 50%.
Last Friday, U.S. Rep. Randy Feenstra (R-Hull) led a letter with 9 of his colleagues on the House Ways and Means Committee to Secretary of the Treasur
Among the most striking initiatives in the FY2025 Budget Proposal is a set of proposals taxing unrealized gains—a concept generally absent in tax frameworks due to val...
For some, the long term capital gain tax could nearly double to 39.6%. In fact, it is possible that it could go even higher, as high as 44.6% for some taxpayers.