Big tax changes hit as IRS opens the 2025 filing season
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Big tax changes hit as IRS opens the 2025 filing season
The IRS has begun accepting 2025 federal income tax returns, launching a filing season filled with changes that could lead to larger refunds, especially for Californians. One major update raises the cap on deducting state and local taxes from $10,000 to $40,000, a boost for taxpayers in high-tax states. New provisions this year include no tax ...
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