Stay informed on key tax changes for 2025 with the latest updates on important tax figures, IRS inflation adjustments, retirement plan limits, and potential tax reforms. As the IRS announces new thresholds and limits, businesses and individuals must prepare for adjustments that could impact deductions, contributions, and overall tax liability. Explore these updates to stay ahead of the changes and optimize your tax planning strategies.
These tables summarize 2025 key tax figures compared to 2024.
Read ArticleThe IRS announced higher tax brackets and a larger standard deduction for 2025 to account for inflation.
Read ArticleThe IRS has increased 2025 contribution limits for retirement plans like 401(k)s and IRAs, but the increases are smaller than in previous years.
Read ArticlePossible tax reforms loom as major provisions of the TCJA expire in 2025, impacting businesses and their owners.
Read ArticleThe Internal Revenue Service (IRS) announced an increase in the optional standard mileage rate for automobiles driven for business purposes in 2025.
Read ArticleImportant tax deadlines are approaching! This calendar outlines crucial dates for forms, payments, and other actions.
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