Tag: U.S. Taxpayers
How to Save on Taxes in 2025
U.S. Taxpayers 1. Max Out Retirement Contributions Make full use of tax-advantaged accounts: 401(k)/403(b): In 2025, employee contribution limit is $23,500. Those 50+ can add a $7,000 catch‑up contribution, totaling $30,500. IRA/Roth IRA: Up to $7,000 annually (or $8,000 for those 50+) .Fulfilling employer matching is essentially a guaranteed return and lowers taxable income. 2.…
Read More