I'm an Accountant: 3 Tax Changes to Expect If Harris Wins the 2024 Election
As the 2024 election approaches, many are wondering about potential tax changes under Harris's leadership. This article explores three critical alterations that could reshape individual and corporate taxes.
Potential Tax Reduction Strategies
One key change could involve tax reduction strategies targeted at middle-income earners.
- Increased standard deductions
- Expanded child tax credits
- Investment incentives
Changes to Corporate Tax Rates
Another anticipated shift is the potential adjustment of corporate tax rates.
- Higher tax rates for large corporations
- Incentives for small businesses
- Tax breaks for new investments
Shifts in Tax Compliance Regulations
Lastly, we may see changes in tax compliance regulations aimed at closing loopholes.
Taxpayers should prepare for these changes whether they vote or not. For full details on Harris's policies, stay tuned for future updates.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.