The 2025 income limit for the tax credit for lower-income workers who save for retirement will increase slightly to $39,500 for individuals. The IRS published a draft of the 2025 version of Form 8880, ...
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IRS one-time forgiveness explained: Who qualifies and how it works
The IRS “one-time forgiveness” refers to the First-Time Penalty Abatement program, offering relief from certain penalties for compliant taxpayers.
Trump’s 2025 tax law offers four major deductions, but missteps on AGI impact, paperwork, eligibility, and withholding can erase potential savings.
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