President-elect Joe Biden’s plan includes the following payroll tax, individual income tax, and estate and gift tax changes:

We hope that you are keeping yourselves and your loved ones safe from COVID-19 (commonly referred to as the Coronavirus). Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. We wanted to update you on the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress’s gigantic economic stimulus package that the President signed into law on March 27, 2020.

While the real estate market continues to boom and properties keep switching hands, more and more investors are looking for a way to reduce or eliminate their tax burdens.