Key 2025 Tax Breaks & Adjustment Opportunities
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Key 2025 Tax Breaks & Adjustment Opportunities
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Tax season is here, but did you know that filing your 2024 return is only part of the equation? With the 2025 tax changes in place, John breaks down key areas where you may be able to reduce your tax bill. With increased standard deductions and higher retirement contribution limits, now is the time to evaluate how you can plan smarter and potentially put more money toward your future.
In this episode, we dive into the major tax changes for 2025 and discuss how smart planning now may save you a lot of money and stress later. From updates to the standard deduction to misconceptions about catch-up contributions, John explains what really matters for pre-retirees and retirees.
Here’s what we discuss in this episode:
📊 Most people won’t need to itemize, instead they’ll take the Standard Deduction
💡 Catch-up contributions aren’t “free money,” they require planning
🏥 The HSA might be your most powerful retirement savings tool
💸 Adjusting paycheck withholdings can avoid surprise bills or big refunds
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Web: https://rosewoodwealthmanagement.com/
Phone: 919-391-3446
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