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What Pharmacists Need To Know About Tax Changes In The Build Back Better Bill Thumbnail

What Pharmacists Need To Know About Tax Changes In The Build Back Better Bill

2021 has brought wild speculation about tax law changes that have turned the world of financial planning into a sea of uncertainty and doubt. It started back in April of 2021 when the Biden administration first proposed new legislation that would change the tax landscape dramatically. That bill proposed retroactive changes to capital gain tax brackets, increases to ordinary income tax brackets, and changes to certain tax credits. To make matters more confusing, in September of 2021, newer proposals were introduced that were much different than what was considered in April. Now what most believe will be the final bill of text (with some minor changes) being introduced in later October, where do pharmacists need to be focusing their attention? What is staying, what is changing, and how can pharmacists prepare themselves before the end of the year.

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