Tax Policy Directory

Your guide to newly enacted changes to the tax code

Between the economic recovery and the changes in the federal government, there have been many recent updates to the tax code that may have an impact on your financial plans.

Recently Enacted Legislation

SECURE Act 2.0: What It Means for Your Retirement

Congress’ year-end omnibus spending bill contained a section called SECURE 2.0 Act of 2022, which addresses a variety of retirement planning topics as a follow-up to the first SECURE Act. The newly passed bill offers changes to RMDs, new Roth rules and other tactics to take advantage of.

What the Inflation Reduction Act Means to You

Much of the headline news accompanying the Inflation Reduction Act of 2022, which was signed into law by President Biden in August, focused on beefing up the IRS to the tune of $80 billion. But the provisions dedicated to such things as clean energy incentives and reducing healthcare costs deserve attention as well – as do some much-discussed items that didn’t make the final bill.

For help in sorting out how these changes may affect your financial situation, talk to your Baird Financial Advisor team.

Baird does not provide tax or legal advice. Please consult your legal or tax professional for specific information.

The information reflected on this page are Baird expert opinions today and are subject to change. The information provided here has not taken into consideration the investment goals or needs of any specific investor, and investors should not make any investment decisions based solely on this information. Past performance is not a guarantee of future results. All investments have some level of risk, and investors have different time horizons, goals and risk tolerances, so speak to your Baird Financial Advisor before taking action.