Business
#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 199AHow it could impact capital gains and qualified dividends tax ratesHow estate taxes and the step-up in basis at death could changeImportant changes that would affect retirement account contribution deductionsHow 1031 exchanges for real estate investors might be impactedExpected changes to the corporate tax rateCheck it out here:https://hackyourwealth.com/biden-tax-proposalDo 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.Don't miss an episode, hit that subscribe button...If you liked this episode, be sure to subscribe so you don’t miss any upcoming episodes!Apple PodcastsOvercastSpotifyStitcherI need your help, please leave a listener review :)If you liked this episode, would you please leave a quick review on Apple Podcasts? It’d mean the world to me and your review also helps others find my podcast, too!Links mentioned in this episode:How the final Trump tax bill affects you: analysis for early retireesHYW private Facebook community Intro/Outro: Old Bossa by Twin Musicom.