What Does Biden’s Win Mean for Your Taxes Next Year?
Now that we know Joe Biden has won the presidential election, we can expect some tax changes to be coming our way — possibly. The actionability of Biden’s tax agenda depends on which party controls the Senate. Should Republicans continue to have the majority there (we won’t know either way until the Georgia runoffs in January), they have the authority to block any major moves . If the Senate goes to the Democrats, then Biden should have a clear path to make a number of changes .
