After one crazy year, everyone is beginning to see the signs of normalcy returning. States are lifting mask mandates, travel is starting to return, and Memorial Day is now upon us! With that in mind, we wanted to provide a helpful guide for the one thing that is always certain….taxes!
There are a number of updates on Biden’s agenda that will impact most investors. To help organize these, we have created a simple checklist for investors to use to determine if they might be impacted by these changes.
Notable Tax Changes:
- Increase capital gains tax rates
- Changes to the income tax rates
- Carried interest and 1031 exchange revisions
- Updates to 401k contributions
- Updates to SEP & SIMPLE IRA changes
- First-time homebuyer tax credits
- And more…!
Below is a link to download our helpful guide for 2021. Please take some time to review and let us know if you have any questions!
Download our guide here:
Disclosure:
Csenge Advisory Group, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, asset class, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
This article should not be considered an endorsement of any platforms, websites, or products discussed. All information provided is the opinion of the author and does not directly represent the views of Csenge Advisory Group.
