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2. IRS Increases Gift and Estate Tax Exempt Limits - AOL

   www.aol.com/finance/irs-increases-gift-estate...

   Barring an extension or new legislation, the lifetime estate and gift tax exemption is due to revert to the pre-2017 Tax Cuts and Jobs Act level of $5.49 million at midnight on Dec. 31, 2025.

3. Head of household - Wikipedia

   en.wikipedia.org/wiki/Head_of_Household

   Also, the taxpayer must pay more than half the cost of keeping up a home that was the main home for the entire year for the father or mother. The taxpayer is considered keeping up the father or mother's main home by paying more than half the cost of keeping the parent in a rest home for the elderly.

4. What will happen to Social Security under Trump’s tax plan?

   www.aol.com/finance/happen-social-security-under...

   For 2024, if you’re a single tax filer with combined income between $25,000 and $34,000, you may owe income tax on up to half of your benefits. ... About 40 percent of recipients pay taxes on ...

5. Heads up if you’re a freelancer or small business owner: The ...

   www.aol.com/finance/heads-freelancer-small...

   Your 2024 taxes For this year, if you had more than $5,000 in gross business transactions on a given app or platform, then you, the IRS and your state tax department should all receive a 1099-K ...

6. Tax Increase Prevention and Reconciliation Act of 2005

   en.wikipedia.org/wiki/Tax_Increase_Prevention...

   The Tax Increase Prevention and Reconciliation Act of 2005 (or TIPRA, Pub. L. 109–222 (text), 120 Stat. 345) is an American law, which was enacted on May 17, 2006. This bill prevents several tax provisions from sunsetting in the near future.

7. Low-Income Housing Tax Credit - Wikipedia

   en.wikipedia.org/wiki/Low-Income_Housing_Tax_Credit

   In January 2024, the U.S. House of Representatives passed the Tax Relief for American Families and Workers Act of 2024 by a vote of 357-70, which includes provisions impacting Section 42 of the U.S. Tax Code, the law governing LIHTC. The legislation would restore an expired 12.5% allocation increase to each state’s Housing Credit ceiling and ...