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Car Loan Interest Deduction 2025 for Retirees and Tax Planning TipsÂ
When the One Big, Beautiful Bill became law in 2025, much of the attention focused on its impact on tax brackets and estate exemptions. While those headline changes shaped early conversations, the legislation also introduced smaller, lesser-known provisions that may be especially important for pre-retirees. One of those is a…
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Retirement Taxes on Overtime and Tips: What the One Big, Beautiful Bill Changed Â
When the One Big Beautiful Bill became law in July 2025, most of the focus landed on estate tax changes and frozen income brackets. However, tucked inside the legislation are two overlooked provisions that may be just as important for households approaching retirement. These deductions, available from 2025 through 2028, apply to…
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Retirement Tax Deductions 2025: What Pre-Retirees Should Know About the One Big Beautiful Bill Â
The One Big Beautiful Bill (OBBBA), signed into law on July 4, 2025, made headlines for freezing tax brackets and raising estate exemptions. While those changes captured most of the attention, the bill also included a set of smaller, time-limited deductions that could play a strategic role for those nearing…
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2025 Tax Deductions You Don’t Want to Miss: OBBBA Planning Strategies  Â
When the One Big Beautiful Bill Act (OBBBA) was signed into law, it locked in several tax provisions and introduced a handful of new benefits. While many changes are permanent, others are only available for a limited time. That includes a number of deductions and expanded limits set to disappear…
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Roth Conversions and Medicare Premiums: Understanding the IRMAA Tradeoff Â
Roth conversions have become a popular tax strategy for those looking to reduce future taxable income. By moving funds from a traditional IRA or 401(k) into a Roth IRA, you pay taxes on the converted amount now but benefit from tax-free growth and withdrawals in retirement. Roth IRAs are also…
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Roth Conversions in 2025: Should You Act Before Tax Rates Change Again? Â
A Roth conversion allows you to move money from a pre-tax retirement account, such as a traditional IRA or 401(k), into a Roth IRA. Taxes are due on the amount converted, but future withdrawals from the Roth account are tax-free under current law. In 2025, this strategy is gaining more…
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Medicare Costs for High-Income Retirees in 2025: What You Need to Know Â
Medicare remains a foundational part of retirement healthcare planning, but the cost of coverage is not one-size-fits-all. For high-income retirees, premiums may be significantly higher due to income-related monthly adjustment amounts, or IRMAA. In 2025, understanding how Medicare premiums are calculated—and how your past income influences current costs—can help you better…
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How to Handle a Financial Windfall Before December 31 Â
A financial windfall can come in many forms. It might be a bonus from work, an inheritance, or the sale of a property. Whatever the source, receiving a financial windfall all at once can feel exciting and a little overwhelming. When a windfall arrives late in the year, timing starts to matter.…
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