#tax-changes

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#personal-finance #retirement #family-caregiving #baby-boomers #salt-deduction #income-tax #standard-deduction
Retirement
from24/7 Wall St.
1 day ago

My boomer parents ran out of money 5 years ago, but didn't tell me they have nothing for retirement until the last minute

Adult children may need to financially support aging parents who lack retirement savings, balancing caregiving, personal finances, and future obligations.
US politics
fromwww.mercurynews.com
3 months ago

Who will and won't benefit from the bigger SALT deduction

Increased SALT deduction cap to $40,000 for 2025 with annual adjustments provides a more generous tax benefit to some federal income tax filers.
fromFortune
3 months ago

Social Security sends incorrect email saying GOP's 'Big Beautiful Bill' ends taxes on the benefit

On July 3, Social Security sent an email stating that the new law eliminates federal income taxes on Social Security benefits for most beneficiaries, indicating that nearly 90% would no longer pay these taxes.
US politics
US politics
fromFlowingData
3 months ago

Effects of the Republican bill on your taxes

The new tax bill impacts individuals differently based on various personal factors, including income, household status, and filing options.
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