NRG Tax Update
For tax year 2025, the top tax rate remains 37% for individual single taxpayers with incomes greater than $626,350 ($751,600 for married couples filing jointly). The other rates are:
For tax year 2025, the top tax rate remains 37% for individual single taxpayers with incomes greater than $626,350 ($751,600 for married couples filing jointly). The other rates are:
No matter who wins the next election, we anticipate significant changes to our tax system. Both leading presidential candidates have expressed strong opinions regarding the U.S. tax code. In this article, we’ll take a closer look at the current administration’s policy proposals.
We’ve already talked about the importance of making a list, however, it is just as important to be aware of financial planning opportunities as we move through 2023 and approach the April 18th tax deadline.
With tax season upon us and the upcoming April 18th filing deadline fast approaching, now is the perfect time to review your finances and make sure you’re taking full advantage of all the tax credits and deductions available to you.
On Monday, September 13, 2021, the House Ways and Means Committee released proposed tax law changes related to the $3.5 trillion Build Back Better Act. These changes are proposed and may not be included in the final legislation. However, we wanted to make you aware of the key provisions, even though the proposed legislation is subject to change. We are actively monitoring this legislation and will continue to provide updates as they become available. We will also include planning opportunities for each of the relevant tax law changes.