“Tax codes are written in pencil.” Taxes never go away but the rules and regulations around them are not set in stone.
In this episode, Jeff Green and Lauren Smith share what you can potentially expect for the tax changes in the coming year under the Biden Administration. They share the little things to consider along the way for your tax planning.
Jeff and Lauren discuss:
- The potential increase in top ordinary income tax rates
- The potentially high jump in capital gains
- What the elimination of the step up in basis at death could look like
- And more