Biden calls for an overhaul of 401(k) tax breaks. What it means for you

Author: External Author | | Categories: IRS Tax Help , Payroll Services , Personal Budgeting Assistance , Tax Debt Resolution Services , Tax Preparation Services , Tax Professional , Virtual Financial Services

A change to the tax incentives for saving in a retirement plan might be in store if Democratic candidate Joe Biden wins the election.

In his recently unveiled tax plan, the former vice president called for “equalizing the tax benefits of retirement plans.”

Original Article Source Credits:   CNBC , https://www.cnbc.com/

Article Written By:  Darla Mercado

Original Article Posted on:  SEP 22 2020

Link to Original Article:  https://www.cnbc.com/2020/09/22/biden-calls-for-401k-tax-break-overhaul-what-it-means-for-you.html?&qsearchterm=tax

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