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How Biden's Tax Plan Will Affect You - CPA Explains! Proposed Tax Law Changes 2021

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LYFE Accounting

There's a whole lot you need to know about Biden's Tax Plan and how it will affect you and your family.

Become a Tax Client: https://mycpacoach.com/taxplannings...

The proposed tax law changes includes various tax hikes and tax credits, depending on your unique financial situation.

There will be new tax brackets, new tax rates, new tax rules, new tax credits, and much more.

These new tax changes will affect how you invest, how you structure your business, and ultimately how you file your tax return to avoid overpaying on your taxes.

So stick around until the end of this video for all of the details and if you don’t want to miss out on more ways to save and make more money, be sure to subscribe to our channel.

Intro: (0:00)
Biden's Tax Plan Goal: (1:18)
Effect of Biden's Tax Plan: (2:18)
Biden Tax Hike #1: (3:48)
Biden Tax Hike #2: (5:30)
Biden Tax Hike #3: (6:40)
Biden Tax Hike #4: (8:48)
Biden Tax Hike #5: (9:49)
Biden Tax Hike #6: (11:45)
Revenue Raised from Tax Changes: (12:15)
Biden Tax Credit #1: (12:31)
Biden Tax Credit #2: (13:29)
Biden Tax Credit #3: (14:24)
Biden Tax Credit #4: (15:02)
Will Biden's Tax Plan be Approved?: (16:00)
Economic Effect of Biden Tax Plan: (16:25)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

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