As election season comes to a head, taxpayers across the country are wondering how their families and businesses could be impacted by the results. Both candidates have proposed their own versions and iterations of the tax law if the election works in their favor. Below we discuss the main provisions that would impact individuals and businesses and the points of each proposal.
Impacts on Individuals
Below are the major tax impacts on taxpayers based on each candidate’s proposal.
Impacts on Businesses
Below are the major tax impacts on businesses based on each candidate’s proposal.
Anders will be keeping up with tax impacts as a result of the presidential election and COVID-19. If you have any questions about year-end planning and how the tax proposals could impact you or your business, contact an Anders advisor below.
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