Proposed Tax Law Changes

By now you have likely heard about the proposed tax law changes being discussed in Washington, D.C. While there is still a lot of uncertainty about what changes will actually become law, now is the time to review the situation, discuss how the changes may have an impact and whether any action is warranted at this point.  

We have been following the changes closely and wanted to provide some articles with the most up to date information on the proposed changes:

Possible Estate Tax Reform in 2021: Sheds light on the possible changes to the tax code that Congress is currently debating.

Tax Law Changes Could Affect Business Owners: Walks through how the proposed tax law changes could affect business owners:

How Proposed Tax Law Changes Could Affect Business Owners | Northwestern Mutual

Tax Law Changes Individual Taxpayers Need a Watch: Explains the proposed tax law changes individual taxpayers need to watch: 

Proposed Tax Law Changes Individual Taxpayers Need to Watch | Northwestern Mutual