Last week, the House passed three different bills that could impact a number of individual and retirement tax provisions as well as tax provisions related to startups. According to alliantgroup National Managing Director and former Senior Counsel to the U.S. Senate Finance Committee Dean Zerbe, many of the changes put forth are under serious consideration and could be signed into law by the end of the year.
In his latest piece from Forbes “What Congress Might Do On Taxes Before Christmas,” Zerbe breaks down the new legislation and its potential implications for taxpayers. Among the highlights from the piece include the outlook on extending the individual provisions from last year’s tax reform bill, a series of commonsense reforms related to retirement and savings, and proposed legislation to help entrepreneurs and start-ups.
Click here to read the full article and to learn more about these potential tax policy changes.