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Individual Tax Compliance and Complexity Archive

Tracking 2021 Tax Plans

[ad_1] Tracking the 2021 Biden Tax Plan and Federal Tax Proposals Taxes are once again at the forefront of the public policy debate as legislators grapple with how to fund new infrastructure spending, among other priorities. The Biden Administration has proposed about $4 trillion of new federal spending over 10 years, partially funded with higher

Biden Budget Proposals: Details & Analysis

[ad_1] Launch Resource Center: President Biden’s Tax Proposals The Biden administration’s proposed American Jobs Plan (AJP), American Families Plan (AFP), and fiscal year 2022 budget would increase federal spending by about $4 trillion over 10 years, including $1.7 trillion for infrastructure, partially funded with higher taxes on individuals and businesses as well as increased tax

Retirement Savings: Securing a Strong Retirement Act

[ad_1] Lawmakers have proposed three retirement savings bills to expand access and simplify certain rules for retirement savers and employers, but each version would fall short of comprehensive reform. The proposals would build on the improvements made by the SECURE Act of 2019 to increase the flexibility of savings accounts and expand limits for some

Fiscal Session Finishes Strong with Tax Reform

[ad_1] It took until the last day of the session, but Louisiana lawmakers succeeded in passing a tax reform package Thursday that would simplify a complicated tax code and make the state more economically competitive. Because these measures are reliant on constitutional amendments, voters will ultimately decide the success of the plan in October. However,

Biden Child Tax Credit Changes and More Head Sniffin’

[ad_1] President Biden’s newly released budget and the Treasury Department’s “Green Book” of revenue proposals outlines a vision of more spending administered through the tax code. The proposals have revived the debate over the proper role of spending in the tax code, and relies on the Internal Revenue Service (IRS) to further expand beyond its

Biden’s First 100 Days: Taxes & Tax Policy

[ad_1] In his first 100 days as president, Joe Biden has proposed more than a dozen significant changes to the U.S. tax code that would raise upwards of $3 trillion in revenue and reduce incentives to invest, save, and work in the United States. While proposing ways to pay for new spending and for expanded