Quote:
Originally Posted by retiredguy123
There a several websites that you can Google to get all the details. But, basically, the tax rates will increase and the standard deduction will be cut in half, although part of that will be offset by restoring the personal exemption. These changes will become effective in 2025, unless Congress acts to delay or change things. I don't see anything that "regular people" can do to improve their tax situation. I expect to pay higher taxes in 2025, but the current higher interest rates have greatly increased my interest income.
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I was being lazy (but I think you probably knew that already) and figured I could just ask you. You saved me from the rabbit hole or helped me put it off, at least. Thanks.
I thought there was something. Does not sound good.
And then gotta watch out or IRMAA’s gonna getcha! (sigh)
Boomer