Trump tax plan

The incoming GOP majorities in the House and Senate mean Trump can enact a tax bill without making concessions to Democrats.

The Internal Revenue Service may be facing steep cuts in its budget with the win on Tuesday night of President-elect Donald Trump.

The return of the former president to the White House gives him an opportunity to deliver on his many tax promises.

Both Donald Trump and Joe Biden have begun laying out their visions for the Tax Code.

Donald Trump plans to make permanent the 2017 individual tax cuts that he enacted as president while keeping corporate tax levels unchanged in an appeal to working and middle class voters should he retake the White House.

The potential for higher rates in 2021 is real, but exactly what the rate would be, and who would pay those rates, is far from certain.

At the center is a pledge not to increase rates on those making less than $400,000, and that various changes would only impact earnings above the threshold.

The final regulation includes guidance on the requirements needed for properties to qualify for the deduction.

“Americans are relying on Social Security more than ever during this pandemic,” House Ways and Means Social Security subcommittee chairman John B. Larson wrote.

Waiting until year end to factor in portfolio volatility is risky business.