Taxes and Your Retirement

Seeking Clarity on Tax Reform: The Wait Continues

August 20, 2021

This past April, the Biden administration announced the $1.8 trillion American Families Plan, which would expand access to education, affordable childcare and various tax credits. The plan (as proposed) would largely be funded by additional taxes on higher earners. Since that time, taxpayers have been left wondering whether tax reform could become a reality, and if so, to what extent.

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