#55: This week, I explain 6 key areas where there may be significant tax code changes under a Biden administration – including how these changes may impact your personal financial planning and what actions you can take to prepare for them.

What you’ll learn:

• How Biden’s proposal would impact income tax rates, deductions, and Section 199A
• How it could impact capital gains and qualified dividends tax rates
• How estate taxes and the step-up in basis at death could change
• Important changes that would affect retirement account contribution deductions
• How 1031 exchanges for real estate investors might be impacted
• Expected changes to the corporate tax rate

Check it out here:

https://hackyourwealth.com/biden-tax-proposal

Do you plan to make changes to your portfolio or personal finances in anticipation of tax law changes under a new administration? Let me know by leaving a comment.

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Links mentioned in this episode:

• How the final Trump tax bill affects you: analysis for early retirees
• HYW private Facebook community

 Intro/Outro: Old Bossa by Twin Musicom.