Monthly Older Posts: May 2025

Who benefits from the added $4,000 standard deduction?

The tax bill has passed the House will likely pass in the Senate. That bill provides an added $4,000 standard deduction for a single filer over age 65 who does not exceed $75,000 MAGI. That’s an $4,000 added to the $2,000 that single filers over

April inflation was tame.

Inflation for April was tame: no obvious increase from recent months. Inflation is running at about 3.0% annual rate, the same as last month.

 

I display a table and six graphs that I use to follow the trends in inflation.

 

 

Details:

 

Our travels have been electric!

We’re back from Spain and the Camino de Santiago. I was worried about too active of an adventure, but I managed all the walking. My iPhone said I walked about 45 miles in eight walking-days. I shortened one day that started with a fairly big

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