• Sat, January 25, 2025

by: Forbes

Tax Breaks: The Welcome To The Not-So-Usual 2025 Tax Season Edition

Plus: President Trump signs executive orders before tax season, beneficial ownership information (BOI) reporting updates, child support and taxes, tax stats, and more.

by: AOL

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by: Investopedia

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by: MSN

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by: MSN

US Fed prepares to pause in first rate decision since Trump's inauguration

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by: MSN

TSA Makes Changes That Affect Part 380 Public Charter Operators

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by: MSN

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11 Things Aldi Customers Can't Stand

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by: MSN

Trump issues shock threat to 90,000 new IRS staff

President Donald Trump has revealed what could be the fate of nearly 90,000 newly hired Internal Revenue Service (IRS) staff as he halts federal hiring.

by: MSN

Elon Musk's chilling email to Twitter's staff: Growth of X is stagnant and revenue is unimpressive

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by: MSN

Investing $11,000 Into Each of These 3 Growth Stocks in 2023 Would Have Generated Over $1 Million in Profit Today

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by: MSN

I Just Bought BlackBerry Stock: Here's Why You Might Want Shares, Too

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by: MSN

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by: MSN

Amarillo's unemployment continues to be 2nd lowest in the state, TWC reports

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by: MSN

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by: MSN

PAVMed faces Nasdaq delisting over share price rule

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by: MSN

American Express Company (NYSE:AXP) Q4 2024 Earnings Call Transcript

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by: MSN

Pennsylvania fairs provide $1 billion in economic benefits, report says

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  • Sun, January 26, 2025

by: Indiatimes

Budget 2025 Expectations Live Updates: Income tax relief, record capex for Indian Railways, highways on the cards? All eyes on FM Sitharaman

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by: AOL

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by: AOL

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by: Forbes

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by: Forbes

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by: MSN

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by: MSN

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by: MSN

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by: MSN

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by: MSN

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by: MSN

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by: MSN

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by: MSN

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by: MSN

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by: MSN

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by: MSN

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by: MSN

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by: MSN

Budget 2025: Will FM Sitharaman remove all exemptions under Old Tax Regime? SBI Research shares possibilities

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Tax Breaks: The Welcome To The Not-So-Usual 2025 Tax Season Edition

Plus: President Trump signs executive orders before tax season, beneficial ownership information (BOI) reporting updates, child support and taxes, tax stats, and more.
The article by Kelly Phillips Erb on Forbes, titled "Tax Breaks: The Welcome To The Not-So-Usual 2025 Tax Season Edition," discusses several key changes and considerations for the 2025 tax season. It highlights the expiration of certain tax provisions from the Tax Cuts and Jobs Act (TCJA) at the end of 2025, including the potential reversion of individual tax rates, the standard deduction, and the child tax credit to pre-TCJA levels. The article also covers new tax credits and deductions for 2025, such as an enhanced electric vehicle credit, changes in the earned income tax credit, and modifications to the rules for home office deductions due to shifts in work environments post-COVID. Additionally, it addresses the implications of inflation adjustments on tax brackets, the potential impact of state-specific tax changes, and offers advice on how taxpayers can prepare for these changes, including the importance of keeping abreast of legislative updates and possibly consulting with tax professionals.

Read the Full Forbes Article at:
https://www.forbes.com/sites/kellyphillipserb/2025/01/25/tax-breaks-the-welcome-to-the-not-so-usual-2025-tax-season-edition/

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