Let's Talk About Our Favorite Thing - Taxes

This August, both the Democrats and Republicans held national nominating conferences that were widely received as successful, despite the lack of traditional pomp and spectacle. Now that the virtual balloons and confetti have been cleaned up, it’s time to take a look at both candidates’ tax reform proposals.

We’ve prepared a summary of the key tax proposals from President Trump and Former Vice President Biden and then, just to give those proposals some context, compared them to current law. These summaries are found here. 

But a tax proposal isn’t worth anything if we don’t know what it means and where to find opportunities to help our clients plan with, or in spite of, those proposed tax changes. Even though both candidates tax proposals are just that – proposals – we can still see where the opportunity would lie in both plans. We've laid out some of those opportunities here. 

With the presidential election just two months away, election season is really just starting to heat up! NFP will be with you every step of the way to highlight important developments and how they might have an impact on you and your clients.