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Outlook on tax rates and policy changes

Plante Moran

The Biden administration has announced details regarding two major legislative initiatives, and it’s important to stay informed on how these initiatives could affect you. The tax proposals would impact individual, corporate, and international taxes. A challenging legislative process is expected as Congress deliberates these proposals.

Stay informed with updates from our team of tax experts as we help guide you through this complex environment.

What could the proposed tax changes mean for your estate plan?

The American Families Plan would include income tax increases for high-income taxpayers but doesn’t make changes to the estate tax. However, several congressional proposals target transfer taxes and could still be incorporated into a tax reform bill.

Article May 25, 2021 5 min read
Are you ready for changes to Section 174 research deductions in 2022?

Unless legislative action is taken before December 31, a provision in the Tax Cuts and Jobs Act will take effect that requires Section 174 research expenses be amortized over multiple years instead of deducted in the year incurred. Learn more.

Article June 17, 2021 3 min read
International tax proposals receive clarifications from Treasury
The Biden administration has forwarded more information to Congress about the proposed international tax changes in its 2022 budget. Here are some highlights.
Article July 02, 2021 10 min read

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