A fix to an error in last year’s tax bill that would leave Minnesotans paying higher income taxes is seeing early movement at the Legislature and could be among the first bills to make it to the governor’s desk this session. The Minnesota House on Monday overwhelmingly approved a bill updating language in the 2023 tax code that inadvertently kept out-of-date standard deduction amounts for .
You could be eligible for some tax breaks once your divorce is finalized. Keep reading to learn about what they are and how they may apply to your situation.
The standard deduction reduces the amount of your taxable income—the IRS has increased it in 2023 and 2024, which could result in a lower tax bill for many Americans.
Generation X, the demographic born between 1965 and 1980, may have the most to lose from poor tax planning and practices. "The Gen Xers . they're the most directly aligned to needing to understand.