Here’s how President Biden’s tax plan affects you.
How will President Biden’s tax plan affect you? What should you be thinking about and doing to ensure you’re protected? These are the questions I’ll answer in today’s video blog. The president has put forth an aggressive economic plan that significantly impacts the real estate world. Knowing its proposals will put you in a position to succeed.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure:
0:00—Introduction to today’s topic
0:49—Proposal No. 1: Changing the 1031 exchange program
2:45—If you’re nearing retirement and thinking of selling an asset, meet with a Realtor immediately
4:04—Proposal No. 2: Increasing capital gains from 23.8% to 43.4%
5:09—Think about protecting your assets in terms of capital gains
6:03—Understanding the possibilities in our hot market
6:49—Wrapping things up
As always, if you have questions about this or any real estate topic or are thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m happy to help.