* The IRS has released the 2025 inflation-adjusted numbers for Retirement Accounts. Click here. Again, I will prepare my WHAT’S NEW FOR 2025 report when all the numbers are in.
* The NJ Division of Taxation has announced “ANCHOR Application Deadline Extended to 12/6”.
* The IRS provides a “Healthcare FSA reminder: Employees can contribute up to $3,300 in 2025; must elect every year” -
“An employee who chooses to participate in an FSA can contribute up to $3,300 through payroll deductions during the 2025 plan year. Amounts contributed are not subject to federal income tax, Social Security tax or Medicare tax.
If the plan allows, the employer may also contribute to an employee's FSA. If the employee's spouse has a plan through their employer, the spouse can also contribute up to $3,300 to that plan. In this situation, the couple could jointly contribute up to $6,600 for their household.
. . . Eligible employees of companies that offer a health flexible spending arrangement (FSA) need to act before their medical plan year begins to take advantage of an FSA during 2025. Self-employed individuals are not eligible.”
* On Veteran’s Day Kelley R. Taylor answered the question “How Does Being a Veteran Impact Your Taxes?” at KIPLINGER.COM -
“Retired military service members may be eligible for tax benefits offered by the federal government and some states.”
* The Centers for Medicare & Medicaid Services lists “2025 Medicare Parts A & B Premiums and Deductibles” -
“In 2025, the standard monthly premium is $185, up $10.30 from $174.70 in 2024.”
THE LAST WORD
Forget politics and policies. Forget the price of eggs. Trump is the absolute worst human being to ever seek, or hold, the office of President of the United States.
Trump is totally worthless, completely devoid of character, integrity, honor, humanity, sympathy, and empathy. He does not possess a single redeeming positive human quality or value. Trump does not care one ounce about anyone or anything but himself and has never performed a single totally unselfish act in his entire adult life.
Trump is truly ignorant and incompetent, crooked and corrupt, and deplorable and despicable.
In our country’s history no one single
individual has done more damage to America than Donald J. Trump.
We must continue to vocally
and aggressively oppose, denounce, and fight Trump and his dangerous agenda
TTFN
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