I’ve read a number of articles about inflation in June signaling higher inflation. The inflation rate (core inflation) in June was at an annual rate of 2.7%: not that high. The 12-month rate for several measures was higher in June than in May because this

Many of us over age 65 will pay less total tax in 2025 because of the $6,000 bonus standard deduction, but the 22% marginal tax bracket is now greater than that.

Patti and I – both over age 65 – are in the

It was simple: everyone got the same standard deduction based on filing status and age. For Patti and me – both over age 65 – the current standard deduction for 2025 before the change is $33,200. Our 2025 tax return now will use a fairly