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Ask the Tax Editor, May 29: Will Congress Enact More Tax Changes?

Latest from Kiplinger ·Joy Taylor·3 days ago
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Each week in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter editor, answers questions on topics submitted by readers. This week, she's looking at four questions on whether Congress will enact more tax changes before November's mid-term elections and related topics.( Get a free issue of The Kiplinger Tax Letter or subscribe .) Question: Do you think Congress will enact more tax changes before this November's midterm elections? Joy Taylor: No, we really don't expect any big federal tax changes to pass before November's midterm elections. That's not to say that many in Congress wouldn't like to see more tax changes. Republican taxwriters are pushing for tax legislation to supplement last year's " One Big Beautiful Bill. " Meanwhile, some Democrats are offering sweeping tax plans, while others are introducing narrower proposals to curb what they see as tax schemes for the wealthy. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor.…

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