Every tax headline you see for the next two years belongs in one of three buckets, and sorting it first will save you a lot of worry.
Bucket one is law. It is in the Internal Revenue Code today and it applies to your return. Bucket two is a proposal. Somebody introduced it or talked about it, and it applies to nobody yet. Bucket three is anything that would need a signature to move from bucket two to bucket one. Most of what you will see over the next two years is bucket two. Your return lives in bucket one.
From The Tax Strategy Playbook.
Full episode: https://taxstrategyplaybook.com
No-cost analysis through CSSI: https://calendly.com/david-wiener/cs or 770-224-8504 x2
David's website: https://davidhwiener.com
This is educational content, not tax advice for your situation. Talk to your tax professional.