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Potential Tax Changes under Biden

Election Day – or “week” – is now officially over, with Joe Biden as the apparent President-elect. It is projected that the balance of power in Congress will not change following the election, with Republicans maintaining control of the Senate and Democrats maintaining control of the House of Representatives. However, as of today, the ballots are still being counted for both legislative branches.

Since the results of this election could significantly impact your 2020 year-end tax planning, we have outlined some of Joe Biden’s proposed tax plans as announced during the election campaign.

Individual Taxes


Business Taxes

As always, Windes can help with your 2020 tax planning. For more information, please contact our tax professionals at or toll free at 844.4WINDES (844.494.6337).
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