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How President Joe Biden’s Tax Plan Could Affect You
GOBankingRates
2/15/2021
Jami Farkas
© Pix Arena / Shutterstock.com
Peoria,AZ - May 25 2020: Former Vice President of the United States Joe Biden walking with supporters at a pre-Wing Ding march from Molly McGowan Park in Clear Lake, Iowa.
Taxes go to the forefront for Americans at the start of every year as their W-2 and 1099 forms arrive in the mail for the upcoming tax season. And now, as President Joe Biden has taken office, it’s reasonable to ask what we can expect from his administration when it comes to taxes. Will he work with a Democrat-controlled Congress to change portions of the Tax Cuts and Jobs Act of 2017? Will he expand tax credits for certain groups of Americans, such as the elderly? And what will happen to tax benefits when it comes to retirement accounts? ....

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