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A Biden Victory: What it Means for Your Clients

A Biden Victory: What it Means for Your Clients

Join us on Wednesday, November 18, 2020 at 11 a.m. (EST) when Paul La Monaca, NSTP Director of Education, breaks down the tax plan and policies proposed by President-Elect, Joe Biden. The presentation will address such proposals as:

•    Increased rates on taxpayers with income greater than $400,000
•    Increases the maximum rate back to 39.6%
•    Increasing the 21% corporate tax rate to 28%
•    Expansion of the availability of the Earned Income Tax Credit (EITC) to older taxpayers
•    Increased Dependent Care Credits and expansion to more taxpayers with phase-outs for those with income between $125,000 - $400,000
•    Increase in the §24 Child Tax Credit (CTC) with a special amount for a child under age 6 in 2021, and allowance of a credit for a child up to age 17
•    End the cap on the State and Local Taxes (SALT)
•    Imposes a cap on itemized deductions to 28% of income
•    Reinstate the PEASE Provision and phase out itemized deductions for high income taxpayers
•    Cancellation of Student Loans
•    Automatic §401(k) enrollments
•    Changes to catch-up contributions and allow hardship withdrawal provisions    
•    Eliminate the 400% Federal Poverty Level (FPL) cap on §36B Premium Tax Credit eligibility
•    Changes in long-term capital gain rates for high income investors
•    Changes to pension plans
•    Imposition of a transactions tax on buying stocks and bonds
•    Much, much more

As you go into year-end planning sessions with your clients, be equipped with the most current information of the potential changes that may impact your client’s tax situation.

Continuing education credit (CPE) will be available for this two-hour course. Call 1 (800) 367-8130 for additional information or to register.


Wednesday, November 18, 2020
8:00-10:00am - Pacific Time
9:00-11:00am - Mountain Time
10:00-12:00pm - Central Time
11:00-1:00pm - Eastern Time

Host: Paul La Monaca, CPA, MST

Executive Member: Free

Member: $39.00

Non-Member: $79.00

Registration: Call 1 (800) 367-8130 for additional information or to register.