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Plan smarter, save more: Key updates that impact your wallet.
As we head into 2025, several tax changes could impact how much you save, invest, and pay. Staying informed helps you make confident financial decisions. At Veracity LD, we believe that knowing the numbers helps you protect what matters most.
"Failing to plan is planning to fail. Smart tax moves today create financial freedom tomorrow."
Dr. Verra Aza
Here are the most important tax changes for 2025 in the U.S.:
1. Standard Deduction Increases
Married Filing Jointly: Increased to $30,000 (from $29,200)
Single Filers: Increased to $15,000 (from $14,600) ✅ This means more income is shielded from taxation, especially helpful for middle-income households.
2. Income Tax Brackets Adjusted for Inflation
The federal government has raised each tax bracket slightly to reflect inflation. That means:
- You might stay in a lower tax bracket longer
- Your taxable income may be taxed at a lower rate than in 2024
This helps preserve more of your earnings.
3. Retirement Contribution Limits Go Up
401(k): Limit increased to $23,000
IRA: Limit increased to $7,000
Catch-up (age 50+): Additional contributions still apply
This allows you to save more pre-tax money for retirement and reduce current taxable income.
4. Gift & Estate Tax Exemptions Rise
Lifetime Estate Exemption: Increased to $13.61 million
Annual Gift Exclusion: Increased to $18,000 per person
If you’re building generational wealth, these changes matter. You can pass on more tax-free.
5. Higher HSA Contribution Limits
Individual: $4,150
Family: $8,300
HSA accounts remain a triple tax advantage:
Pre-tax contributions
Tax-free growth
Tax-free withdrawals for health expenses
How Veracity LD Can Help
At Veracity LD, we provide personalized financial and tax strategy services tailored to your income, goals, and future plans. Whether you need help maximizing deductions, contributing to retirement, or building generational wealth, our advisors are here to guide you every step of the way. Let’s turn these tax law updates into smart financial moves.
Tax planning shouldn’t begin in April. With these 2025 updates, the time to prepare is now.
Book a FREE tax strategy session with Veracity LD. Let’s ensure your 2025 plan is bulletproof.
