Elgin Area Chamber Of Commerce: The Biden Administration Proposes Far-Reaching Tax Overhaul

Elgin IL

19 May, 2021

3:30 AM

Description

Press release from the Elgin Area Chamber of Commerce: May 18, 2021 The Biden administration proposes far-reaching tax overhaul Proposed tax changes for the wealthy Individual tax rates. Capital gains and qualified dividend income. Net investment income tax (NIIT). Stepped-up basis Carried interest. Like-kind exchanges. Tax relief for individuals and families Child Tax Credit (CTC). Child and dependent care tax credit. Health insurance tax credit. Corporate tax proposals IRS-related proposals The path forward www.tko.cpa This press release was produced by the Elgin Area Chamber of Commerce. The views expressed here are the author's own.