IRS Tax Code Updates 2024/25 What You Need to Know!
IRS Tax Code Updates 2024/25 What You Need to Know!
Edu Matrix: 11-8-2024
IRS Tax Code Updates 2024 25 What You Need to Know -The IRS announced over 60 major tax changes 2025 that could impact your tax savings and expenses!
From higher standard deductions and adjusted tax brackets to increased health and commuter benefits, these updates are designed to help American taxpayers manage inflation and ease financial strain.
In this video, we’ll break down the most significant changes you need to know, including updates to the standard deduction, Alternative Minimum Tax (AMT), earned income tax credit, estate tax, and more.
We’ll also cover key benefits for commuters, parents, and Americans working abroad. Whether you're a middle-income earner, high net-worth individual, or someone looking to save more in health and transportation costs, these changes could make a real difference to your finances in 2025.
Be sure to consult a tax professional for personalized advice, as these updates are set to take effect in 2025. Understanding these new rules can help you optimize your tax strategy and maximize your potential savings.