Tax planning

There’s no telling where the vast fortunes hide on tree-softened Phillips Avenue in Sioux Falls.

The party’s progressives and moderates disagree over which pieces of President Biden’s agenda to pay for — and how long to pay for them.

The average plan holds less than $29,000, which would pay for about half of a year at the average private university or a year or more at a public one.

The president has warned progressives that they will have to temper expectations for the final legislation.

Biden informed Democrats that a separate infrastructure bill would need to wait until the social welfare and tax package was complete.

House Speaker Nancy Pelosi is giving lawmakers until Halloween to strike a deal.

Manchin said any new programs should be means-tested and that the tax offsets should include elimination of the carried-interest provision that especially benefits private equity firms.

Waiting until after potential rate increases go into effect could lower values.

The prospects for specific tax changes in the Build Back Better Act appear murky right now, but there could be more clarity later this week.

The specific tax hikes remain to be detailed, as does any move to suspend or expand a $10,000 SALT cap.

The economic package would raise $2.1 trillion in revenue through measures including tax increases on corporations and the wealthy.

The law professor who’s coordinated President Biden’s sweeping tax proposals is finding that many Democrats don’t share his zeal to soak the rich.

Democrat legislators are attempting to move forward with the next step needed to pass President Biden’s economic agenda.

The administration struggles to unite Dems behind a bill that can pass in the face of united Republican opposition.

Qualified small business stock may lose a lot of its value if congressional proposals go through.

From musicians and actors to athletes and film crew, local tax laws create complexity.

The fate of President Joe Biden’s economic agenda rests largely on Speaker Nancy Pelosi navigating deep Democratic rifts and the minefield of promises she’s made to keep the party’s moderate and progressive wings moving toward her goal.

President Biden plans to urge Democrats to unite, focusing on the struggles of middle class families.

Expensify Card now offers cash back, and Corvee launches tax planning strategy deep dive webinar series.

The biggest set of U.S. tax increases in a generation took a major step forward on Wednesday.