Year-end planning can significantly boost the benefits of new tax changes, helping taxpayers reduce liabilities and maximize deductions.
It could be worth the time this holiday to consider these tax moves before year end. They could save you money in 2025 and beyond.
The Daily Overview on MSN
Standard deduction hits $31,500 for married filers in 2025
The standard deduction is set to climb again for the 2025 tax year, with married couples filing jointly able to shield $31,500 of income from federal income tax. That higher threshold will shape how ...
Young and the Invested on MSN
Standard deduction amounts for the 2026 tax year: Know what you can deduct
Every year, as you file your federal income tax return, you have an important decision to make: itemize, or take the standard ...
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