Maximize 2025 Tax Savings: New Breaks & Strategies

Tax season is approaching, and experts advise Americans to capitalize on new tax breaks and planning strategies to reduce their 2025 tax bills. Retroactive changes, such as additional deductions for seniors and auto loan interest, could significantly impact your savings. Itemizers may benefit from the increased SALT deduction, while those under fifty-nine and a half can take advantage of a penalty-free retirement plan withdrawal for long-term care insurance. Dont miss out on expiring energy-related tax credits before the year ends.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.