Five Tax Benefits that Might Go Away if President Trump Is Not Reelected
As the calendar turns to another presidential election year, it’s never too early to start thinking about tax preparation as the next occupant of the oval office will likely have a major impact on the nation’s tax laws and policy. If a Democrat wins the White House, we can expect significant change to the tax laws. Indeed, the Democratic presidential candidates have made varying tax proposals to eliminate or curtail certain tax benefits available under current law.
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“Five Tax Benefits that Might Go Away if President Trump Is Not Reelected,” by Sean R. Weissbart was published in Bloomberg Tax Management Memorandum (Vol. 61, No. 2) on January 13, 2020, a publication of The Bureau of National Affairs, Inc., and reprinted in Bloomberg Tax Daily Tax Report on January 21, 2020. Reprinted with permission.