Estate taxes: The TCJA doubled the basic exclusion amount for estate taxes. It is currently $13.61 million per spouse and will rise in 2025 to $13.99 million. The estate exemption will be cut in half ...
In preparation for the 2024 election on Nov. 5, The Michigan Daily sat down with candidates from local races to learn more about them, their platforms and their plans. There are five seats on Ann ...
You could fall into a lower bracket for the income you earn in 2025 thanks to the new income tax rates. Also, the standard deduction — the amount you can use as a deduction on your 1040 tax return ...