Taxes

IRS Raises Healthcare FSA 2025 Contribution Limit to $3300 – Key Updates for Employees

IRS Raises Healthcare FSA 2025 Contribution Limit to $3300: The IRS recently announced an increase in the contribution limit for Healthcare Flexible Spending Accounts...

Social Security Benefits Expansion Bill: What It Means for Pensions and Next Steps in Congress

In a significant move, the House is preparing to vote on a bill to expand Social Security benefits by repealing the “government pensions offset,”...

Social Security Increase 2025: How a 2.5% COLA Could Impact Your Budget

With the Social Security increase 2025 set at 2.5%, retirees may see a slight rise in monthly benefits. However, while the Cost-of-Living Adjustment (COLA)...

Trump’s 2025 Tax Proposals: Key Changes That Could Transform U.S. Tax Policy

Trump's 2025 Tax Proposals: The 2024 election cycle has concluded with a strong Republican victory, positioning President-elect Donald Trump to advance his tax reform...

401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000

The IRS has announced updated contribution limits for retirement plans in 2025, allowing individuals to save more for their futures. The 401(k) contribution limit...

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