{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/47b67462790a487d8c080d4c2047f87a\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/47b67462790a487d8c080d4c2047f87a-full-1634064341199.jpg","duration":728,"title":"How the Proposed Tax Law Changes (9/2021) Might Affect You in 2022+ and What You Can Do About Them","description":"In September, the House Ways and Means Committee announced proposed tax law changes to help fund the $3.5 Trillion budget reconciliation bill that appears likely to pass in some form and would become the Build Back Better Act. While the details might change, becoming familiar with the current proposal could help you to take potentially advantageous actions before the end of 2021, when some of the changes could take effect. \n\nYou have the option to view the video at a faster speed. The default pace might be better for digesting the info, but if you like to process information quickly, you might enjoy playing it a bit faster. If only my wonderful wife could speed me up like this in real life.\n\nNote: regarding the aggregate retirement account limit mentioned in the video: after recording this, I went back and observed that unfortunately, the nonqualified deferred compensation plans appear to be included in the limit.\n\nI’d like to give thanks and credit to:\nJeffrey Levine, CPA/PFS, CFP, AIF, CWS, MSA and Michael E. Kitces, MSFS, MTAX, CFP, CLU, ChFC, RHU, REBC, CASL: https://www.kitces.com/blog/biden-american-families-plan-bill-proposed-increase-tax-capital-gains-retirement-reform/ where I got much of this information. It's a great resource if you want to take a deeper dive into this topic.\nHouse Ways and Means Press Release: https://waysandmeans.house.gov/media-center/press-releases/chairman-neal-announces-additional-days-markup-build-back-better-act\nHouse Ways and Means Full Text: https://waysandmeans.house.gov/sites/democrats.waysandmeans.house.gov/files/documents/NEAL_032_xml.pdf\ncfrb.org: Committee for a Responsible Federal Budget: https://www.crfb.org/blogs/ways-and-means-proposes-13-trillion-tax-breaks-23-trillion-tax-hikes\n\nDisclosure: the content of this video is for education purposes only. Please consult with a tax advisor, financial planner, and estate planning attorney to determine the best strategies for your situation."}