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Tax Breaks: The Not Quite The End Of The World As We Know It (And I Feel Fine) Edition

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Plus: BOI reporting updates, tax season is coming, money for taxpayers, filing thresholds for the 2024 tax year, digital asset guidance, tax filing deadlines and more.
The article by Kelly Phillips Erb on Forbes, titled "Tax Breaks: The Not-Quite-The-End-Of-The-World-As-We-Know-It-And-I-Feel-Fine Edition," discusses various tax-related updates and insights as the year ends. It covers the extension of certain tax provisions, the impact of inflation on tax brackets, and potential changes in tax policy due to political shifts. Erb highlights the importance of understanding these changes for effective tax planning, especially with the looming possibility of tax law revisions. The piece also touches on the psychological aspect of tax filing, suggesting that despite the complexities and uncertainties, taxpayers should approach the season with a sense of calm and preparedness, referencing the R.E.M. song for a light-hearted take on the situation.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/kellyphillipserb/2024/12/28/tax-breaks-the-not-quite-the-end-of-the-world-as-we-know-it-and-i-feel-fine-edition/ ]