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Sharing an article from the NYT on 2025 Tax Changes. A good overview, a few items have a bit more nuisance that the headline, e.g. “No Tax on Tips.” Feels like the SALT changes will be the biggest opportunity for most filers. I’m hopeful the charitable donations for those who don’t itemize ($1k single and $2k joint filers) will be helpful for the nonprofit world.
https://www.nytimes.com/2026/02/06/business/2025-taxes-return-refund-income.html?unlocked_article_code=1.K1A.iHXT.kv9jMyWndiZh&smid=url-share
Happy Tax Filing!
Thanks, Suzee. I’m so glad I sold my practice several years ago, as tax prep has become even more complex in the last ten or so years. I still prepare taxes for AARP, but we won’t see many of the issues discussed in the article.