Tag: tax
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When tax season rolls around, couples face a decision that can have a big impact on their finances: should they file jointly or separately? Most married couples default to filing jointly—and with good reason. But there are cases where “Married Filing Separately” (MFS) isn’t just a technical option, it’s a smart financial safeguard. The challenge…
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With a new presidential administration, massive changes are coming, so its important to know what the new Trump Tax Plan has in store for Americans. The Tax Cuts and Jobs Act (TCJA) of 2017 is set to expire, and President Donald Trump has proposed a new tax plan to extend its benefits and introduce additional…
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The topic of rising taxes is often debated, and several underlying factors could lead to significant tax increases in the future. Governments rely on taxes to fund public services, infrastructure, and social programs, but various economic, demographic, and political shifts could place additional pressure on revenue sources. Below are the key reasons why taxes could…