Currently, our top marginal income tax rate is 37% (subject to change). The top rate on long-term capital gains is 23.8% which includes 3.8% of Net Investment Income Tax (NIIT).

Now that the holidays are over, we at Bradstreet & Company want to thank you for another year of great relationships and meaningful friendships, and hope you have a joyous and prosperous new year.

So will the 2022 tax filing season be normal? Not likely. In addition to lasting health concerns, a number of new tax law provisions will create complications for some filers, as well as potential pitfalls to avoid. And maybe new tax laws by year's end.