Taxes

Will Biden change real estate tax rates?

President Biden has said he intends to raise certain tax rates – but could real estate rates be affected by his potential changes to the tax code?

IRS delays tax filing deadline until May

The IRS may have decided to heed the pleas of lawmakers and advocacy groups who have been urging the tax agency to postpone this year’s April 15 filing deadline.

Biden wants to raise taxes. How politically damaging would it be?

Democratic political strategist Brad Bannon said raising taxes is always “troublesome politically” but that the Biden administration was betting on two things: raising the taxes on the wealthy would only affect “2 or 3% of voters” and that if by next fall, midterm election season, the economy has recovered from the pandemic, “Americans will be so grateful they’ll overlook the tax issue."