Election day special: potential tax law changes coming?
#55: This week, I explain 6 key areas where there may be significant tax code changes under a Biden administration – including how these changes may impact your personal financial planning and what actions you can take to prepare for them.
What you’ll learn:
- How Biden’s proposal would impact income tax rates, deductions, and Section 199A
- How it could impact capital gains and qualified dividends tax rates
- How estate taxes and the step-up in basis at death could change
- Important changes that would affect retirement account contribution deductions
- How 1031 exchanges for real estate investors might be impacted
- Expected changes to the corporate tax rate
Check it out here:
Do you plan to make changes to your portfolio or personal finances in anticipation of tax law changes under a new administration? Let me know by leaving a comment.
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Links mentioned in this episode:
- How the final Trump tax bill affects you: analysis for early retirees
- HYW private Facebook community
Intro/Outro: Old Bossa by Twin Musicom.