Tax policy shifting – under Biden:
Keeping you updated as they unfold
@ February 16, 2021
- The Biden administration is likely to dramatically change its approach to tax policy, with the first step in the stimulus package it began pushing through Congress this month.
- The House Ways and Means Committee marked up the tax portions of the package during a hearing last week. If the package passes intact in the House and the Senate, it would include Economic Impact Payments of $1,400 for individuals, expand the Child Tax Credit to $3,000 per child and make it fully refundable, and triple the maximum Earned Income Tax Credit and extend eligibility for workers without children.
@ More Updates
- To be updated as they unfold