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New Tax Plan Expands SALT

November 4, 2021 by admin

Congress has proposed yet another version of a Tax Bill Today. Although, as Senator Manchin points out, no one really knows what provisions are in any of the versions. Different elements are suggested as a trial balloon and quickly removed – then reinserted.

For example, the Bank Reporting provision has been floated, removed, floated again, then changed, then struck down and now it may be part of the new bill. Like wise, the family leave provisions. Initially, 12 Weeks was proposed, and then quickly eliminated. Only to be family leave reintroduced for 4 weeks.

What’s really in the Bill? No one knows. Attorney Steven A. Leahy goes over the latest news to try to bring light to this dark subject.

Filed Under: Today's Tax Talk

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Our Office has represented Clients throughout Chicago & Northern Illinois. We represent many clients from Cook County; however, we have represented clients from:

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