President Joe Biden’s budget proposal — which calls for sweeping tax increases on corporations and the wealthy — is the opening round of a looming tax fight set to consume Washington next year.
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The Extra Standard Deduction for People Age 65 and OlderExclusively for older adults: an extra standard deduction to save you money on 2023 taxesBiden Calls for Doubling Capital Gains TaxWhat Is The Net Investment Income Tax And Who Has To Pay It? | BankrateCongress will be forced into tough negotiations over the future of the tax code, with large portions of former President Donald Trump’s 2017 cuts set to expire at the end of 2025. Many lower- and middle-income households will see a tax increase if lawmakers don’t act, providing motivation for both Democrats and Republicans.
