Tax policy update: How the Build Back Better Act affects individuals


Authored by RSM US LLP

The Senate is negotiating significant tax changes as part of the Build Back Better Act. Amid much uncertainty, Democratic leaders hope for passage before the calendar flips to 2022. While final legislation remains in flux, the version of the bill the House of Representatives passed on Nov. 19 contains several tax changes that would affect higher income individuals.

Join us on Thursday, Dec. 16, as our policy and national tax teams take a deeper dive into the bill and ongoing negotiations with a focus on how business owners, family offices and individuals with high incomes can prepare.

During this session our presenters will discuss:

  • An update of where tax legislation and provisions affecting individuals currently stand and their path forward on Capitol Hill
  • A breakdown of what the House-approved provisions may mean to you as a wealthy individual or pass-through owner
  • Planning options that may lessen the effect of proposed provisions affecting wealthy individuals or pass-through owners
  • Insights on possible effective dates
  • Potential obstacles and challenges to passage in the Senate

Our presenters

Karen Costa
Senior Manager

Andy Swanson

Rebecca Warren
Senior Manager

Let's Talk!

Call us at (520) 884-0176 or fill out the form below and we'll contact you to discuss your specific situation.

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This article was written by RSM US LLP and originally appeared on 2021-12-16.
2021 RSM US LLP. All rights reserved.

The information contained herein is general in nature and based on authorities that are subject to change. RSM US LLP guarantees neither the accuracy nor completeness of any information and is not responsible for any errors or omissions, or for results obtained by others as a result of reliance upon such information. RSM US LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect information contained herein. This publication does not, and is not intended to, provide legal, tax or accounting advice, and readers should consult their tax advisors concerning the application of tax laws to their particular situations. This analysis is not tax advice and is not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer.

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