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Tax Implications of Budget Reconciliation Bill

In this two-part article, we look at the proposed tax law changes in the budget reconciliation bill — the major legislation in 2021.

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Congress is currently working on legislation designed to enact the agenda laid out by President Biden in his State of the Union address and the budget for Fiscal Year 2022, which was forwarded to Congress in the spring. After enacting pandemic-relief legislation in early 2021, Congress then moved on to infrastructure legislation, which was approved in the Senate in August and passed the House and now waits in the Senate.

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Accounting & Financial Planning for Law Firms › January 2022 ›

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