Year-End Tax Planning Amid Biden’s Build Back Better Proposal
As the end of 2021 approaches and schedules start to fill with holiday plans, tax planning should be moved to the top of the list. Congress recently proposed the Build Back Better Act (BBB) that includes sweeping changes to the estate and gift tax rules that could affect you. While we cannot predict which of these changes will be enacted and when they will become effective, there are some actions you should take now to prepare.