Wolters Kluwer Tax & Accounting has written a special post-election tax briefing on the tax law changes that could occur when Donald Trump takes office next year. The changes could be yuuge.
The report delves into the changes that could happen on the business and individual tax side, along with what might occur with the remaining tax extenders that weren’t made permanent with last year’s passage of the PATH Act. Trump’s promise to repeal the Affordable Care Act would also have major repercussions on tax policy, and report discusses some of those.
The lame-duck session of Congress may also take up tax legislation before the end of the year. To download the report, click here.