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The Weekly (Tax)Buzz - November 3, 2021

The Weekly (Tax)Buzz - November 3, 2021

If you feel like the news is tough to keep up with these days, you aren’t alone. Every week, we publish a curated list of some of the top articles in tax and finance. Tune in every Wednesday to read the latest thought leadership pieces from our favorite bloggers, US tax proposals, tax crime stories, and much more.

The (Tax)Buzz this week: SALT Tax changes, climate tax breaks, paid family leave, and more. 

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New York Times: Law makers are considering a deal to suspend the $10,000 cap on state and local deductions that was imposed during the Trump administration.

Insider: Joe Manchin weighs in on paid leave, and suggests a payroll tax on workers to access the benefit.

CNBC: Democrats include tax breaks in their climate plan on EVs.

Forbes: The newest reconciliation bill lacks estate law tax changes. This piece weighs in on what this could mean. 

The Washington Post: Democrats look at expanding the minimum tax on the rich in exchange for SALT tax breaks. 

The Washington Post: Here is a perspective piece on the child tax credit. The last chance to get the advance credit is approaching. 

Bonus content: 

  • (NEW) Registration has begun for the next ClientWhys 16-Hour Virtual Tax Update & Review Conference! Choose your own dates between November 2021 and January 2022 for the 8 breakdown sessions. The agenda will include everything you need to know for the 2021 tax season. Register here.
  • The Big Book of Taxes 365, our 1250+ page online tax research library, has been updated with all the latest information on the American Rescue Plan. Annual access costs only $95! Purchase yours here.
  • 19 Free White Paper Downloads – With the constant changes in legislation and rules governing our industry, it can be hard to keep up. That’s why the tax experts at TaxCPE / ClientWhys put together 19 free white papers on the most important tax issues during COVID-19.

Don’t miss our latest TaxBuzz posts: 

  • Smart Year End Tax Planning Strategies Regardless of Changes in Tax Policy
  • When the Tax Guy’s a Tax Cheat
  • New Proposal Allows IRS to Track All Deposits over $600

Did we miss a great article this week? Let us know in the comments below!

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TaxBuzz Staff

TaxBuzz Staff

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