Taxes may not be in the forefront of the public mind in the aftermath of the 2016 presidential election, but the outcome of November 8, 2016 could have a significant effect on taxes as we know them.
Newly elected president Donald Trump spoke about his tax plan throughout his campaign. Now that he’ll be taking the Oval Office, he has a chance to make his plans a reality. Here are 10 key provisions from Trump’s campaign tax plan that he endorses:
Comprehensive tax reform changes are commonly heard as presidential campaign promises, but the ideas put forth by the nominees provide some approaches to tax reform with which you should be familiar. What we know of Donald Trump’s and Hillary Clinton’s plans for the federal tax code may indicate future areas of IRS focus or updates.