Friday, 5 December, 2025
The One Big Beautiful Bill, signed by President Donald Trump, officially reshapes the U.S. tax system beginning with the 2026 tax season. These changes affect all taxpayers, but they have deep and direct impact on adults over 50, especially retirees and near-retirees ages 60+, 65+, and 70+ who rely on […]
The IRS has announced several key updates for 2025 affecting various retirement accounts, health savings plans, Social Security, and tax provisions. Here’s a summary of the changes: Retirement Account Contribution Limits: 401(k), 403(b), and Governmental 457 Plans: The contribution limit increases to $23,500, up from $23,000 in 2024. Catch-Up Contributions […]