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Taxes Credit: Freedomz / Shutterstock.com

Tax changes are coming. The federal government authorized $5.4 trillion in stimulus spending over six relief bills. There is one way that the government makes money—through taxes. The Biden Administration is eyeing what it defines as high-income earners and high net worth families as a source to close this gap. This is a sampling of what these changes may be, and how practitioners in New Jersey may want to use the rest of 2021 to prepare their clients and themselves.

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