2021 Tax Law Changes

The final provisions remain to be seen but the BBBA and to a lesser extent the BIB contain a wide range of tax proposals that could affect individuals and businesses. Several new tax benefits you may have received last year will no longer apply in 2021 while other benefits have been expanded and extended into the current tax season.

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Keep tax changes for the 2021 tax year in mind Due to the pandemic the 2020 tax year was an outlier in many ways.

2021 tax law changes. Tax law changes may be ahead under two proposed laws the Build Back Better Act BBBA and the Bipartisan Infrastructure Bill BIB also known as the Infrastructure Investment and Jobs Act.

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