Tax Updates to come…but not yet

The House has already passed it’s version of the Stimulus bill. The Senate is expected to approve it’s version on Tuesday, February 10th. Then the bills must be reconciled and approved by both chambers, before the President can sign it (OK, that’s Govt 101).

We will provide a summary of the major tax items once the final bill is enacted. You should not do any planning based on either the House or Senate version, as neither is law yet. For example, both bills contain legislation for the purchase of a new home, but they have very different provisions.

If you do have any questions, please contact us.

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