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Are we headed for a “tax cliff” in 2025?
Learn about what provisions are set to expire. The Tax Cuts and Jobs Act (TCJA), enacted in 2017, represents a significant transformation of the U.S. tax code. As the most substantial tax overhaul in recent decades, it introduced numerous changes that have far-reaching implications for taxpayers. However, many of its key provisions are set to…
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2024 TAX DEDUCTIONS AND RETIREMENT PLAN CONTRIBUTION LIMITS
TAX INFLATION ADJUSTMENTS1 The Internal Revenue Service announced the tax year 2024 annual inflation adjustments, including the tax rate schedules and other tax changes. The tax year 2024 adjustments described below generally apply to tax returns filed in 2025. The tax items for tax year 2024 of greatest interest to most taxpayers include the following…
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Avoid These Financial Mistakes
It is practically a fact of life that you’ll eventually make some financial mistakes, if you haven’t already. Everyone makes some money missteps at some point in their lives, and sometimes these seemly simple mistakes can be significant. Here are some of the biggest financial mistakes people make can end up hurting them in the…
