Contact us: 240-755-3544 Email:

Tax Updates

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
This entry was posted in Blog. Bookmark the permalink.

Recent Posts

View All