Don't ring in the new year until you have milked 2025 for every tax savings you can. Yes, there are still savings to be had but you have less than 48 hours to grab them. Below is a list of the best tips from experts for tax savings before saying goodbye to 2025. A tax break only available for 2 days Thanks to the the SECURE 2.0 Act of 2022, if you’re under 59-1/2 years old, you can take up to $2,500 from a retirement plan to pay qualified long-term care insurance premiums without a 10% early withdrawal ...

The Treasury Department is preparing to release a corporate tax workaround that would deliver large tax savings to companies including Salesforce and Qualcomm https://t.co/pt1tCsjzGG ...

Core Insights - The article discusses the choice between taking the standard deduction or itemizing deductions for taxpayers, emphasizing the potential for significant savings depending on the option chosen [1][2]. Standard Deduction - The standard deduction is a fixed amount that taxpayers can subtract from their taxable income without needing to provide documentation [3]. - For the 2025 tax year, the standard deduction amounts are set at $15,750 for single filers, $31,500 for married couples filing jointly, and $23,625 for heads of household, with increases for the 2026 tax year to $16,100, $32,200, and $24,150 respectively [3]. - This option is ideal for taxpayers with minimal deductible expenses, as it simplifies the filing process and requires no detailed record-keeping [4]. Itemized Deduction - Itemizing deductions involves detailing specific eligible expenses such as mortgage interest, medical costs, and charitable contributions, making it a more complex and time-consuming process [5]. - While most Americans opt for the standard deduction due to its simplicity, itemizing may be beneficial for homeowners, high earners, or those in high-tax states, especially with the SALT deduction cap increasing from $10,000 to $40,000 in 2025 [6].

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microstrategy just got handed $4b in tax savings. camt clarification means no 15% tax on unrealized btc gains. they're borrowing at 1% to buy bitcoin with zero tax drag on the appreciation. metaplanet raised $1.4b targeting 190k btc by 2027. marathon holds 52k btc. corporates buy 1,755 btc daily vs 450 mined. that spread at 0% tax creates the most predictable supply crunch in crypto ...

Tax Implications for Retirement - Highlights 18 U S cities where 401(k) and pension withdrawals are not taxed by the state [1] Retirement Planning - Suggests relocating to specific U S cities to potentially save money on taxes during retirement [1]

Discover some of the benefits that come from buying and holding stocks for longer periods of time, such as tax savings and risk minimization. https://t.co/yuwQ7biKEo ...

Core Insights - Middle-class individuals can enhance their wealth through strategic financial decisions and investments [2] Financial Education - Financial literacy is crucial for middle-class families, with investments in education such as books, online courses, or financial coaching being highly valuable [3] - A modest investment of $200 in the right financial course can yield lifelong benefits by teaching debt avoidance, retirement account maximization, and passive income generation [4] Real Estate Investment - Fractional real estate investments provide middle-class investors access to property appreciation and passive income with minimal initial investment, as low as $100, through platforms like Fundrise or Roofstock [5] Personalized Investing - Direct indexing allows middle-class investors to create customized stock portfolios that align with personal values and offer tax savings, moving away from high-fee mutual funds [6][7] Skill Development - Investing in personal skills through certifications and training can significantly increase earning potential, with potential salary increases ranging from $10,000 to $50,000 annually, contributing to long-term wealth accumulation [8][9]

Retirement Planning - Opening an individual retirement account (IRA) helps save tax money today and save for tomorrow [1]

Retirement Planning - Opening an individual retirement account (IRA) helps save tax money today and save for tomorrow [1]