How Biden’s spending package will affect taxpayers: from child tax credit to net investment income tax

For many families, the Build Back Better plan’s biggest change is the extension of the enhanced child tax credit through 2022. The House bill also has a dramatic change in the deduction for state and local taxes, raising the cap from $10,000 to $80,000 through 2030.

Click here to read the entire article.


With Tax Hive’s years of experience in tax and business services, we use our expertise to make your life easier so you can focus on building your business. Ever changing rules require a team who knows you, your business and the tax implications. Our tax professionals meet your needs while helping you manage tax risk, control costs and reap maximum benefit. If you’re ready to get started, CLICK HERE to schedule a FREE strategy session with one of our specialists today.

Schedule your FREE 15 minute call now!