Tax Planning
Securing your retirement: what the 2025 tax cliff means for your finances
As the Tax Cuts and Jobs Act is set to expire in 2026, big changes to taxes are coming, which could greatly impact your finances, especially for retirees and those planning ahead. This “tax cliff” means updates that will likely affect deductions, credits, and tax rates, so preparing now is essential to avoid surprises. Here’s […]
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Tax updates for 2025: smart strategies for retirement planning for seniors
With the new IRS updates, seniors can prepare for the 2025 tax year by understanding how these changes might impact their retirement income and plans. The changes in deductions, credits, and tax brackets account for increased living costs, offering opportunities to save on taxes. Being informed and proactive about these changes is key to optimizing […]
How Trump’s proposals could affect the social security crisis
Trump’s campaign proposals have sparked alarm, as a recent study by the Committee for a Responsible Federal Budget suggests they could jeopardize the future of Social Security in 6 years. While Trump promises to ‘fight for and protect Social Security,’ his proposals may worsen the status quo of Social Security’s finances. This could be the […]
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