74 • RUBY, WILDING & SWANSBURG All of this leads me to believe tax bracket rates will revert tporetphaeriredolfdoerrt,hhaitg. her rates in 2026—and savers need to be #2 | Changes to your deductions. Brackets get most of the attention when it comes to taxes, but they’re not the only way your taxes can rise. Deductions are another popular way the government ac or en tl or ot sl sohf od we d mu cut ci ohnrsefvoernt uh ee gt hoev eI Rr nSmc ae nn tgteonpelraayt ew. iAt hn:dc, rtehdeirt es faonrdhcahvainrigtacbhlielddroenna, tpiaoynisn. g your mortgage, medical expenses, DT he idnukc taibo onus tc iat nt hr iesa wl l ya yi m: Ipf aycotuhmo wa kme u$ c1h0 0y o, 0u0 p0 aay yi en atra xa en sd. ci nacno dmeed. uScot, $y 2o u0 , 0p 0a y0 ,yyoouur teasxseesn tbi aa sl leydhoanv et h$a8t 0$,8000,00 0o0f . t a x a b l e But, next year, Congress changes the rules. Now, you can oinncloymdee,dnuoctt$$8100,0,00000.. Suddenly you have $90,000 of taxable moreDiidn tyaoxuers?bArabcskoelut tcehlayn. ge? Nope! Did you end up paying We saw an elimination and consolidation of some dmeodruecat idojnuss timn et hnet s2i0n1t7h et ayxeraerfsotromc obmi l le, .a n d I b e l i e v e w e ’ l l s e e #3 | New taxes. wt haevgeN o e o v w f e r t t h n a e m x e f e u s n t , t u o c r r e a a . n s T t I h a l x e ik s y e e o t a u o r r e c m a e l o s l n s th e e n e y m t . ia , l“lsyt enaelwt h, tcarxeeast ,i”v ae rwe at hy es HYoeured’soan’gtopoadyeSxoacmiaplleS.ecurity taxes on every dollar you make. There’s a limit, called the “maximum taxable earnings.”
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