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samuel21lo.bsky.social
@samuel21lo.bsky.social
Single taxpayers and married individuals filing separately will have a standard deduction of $15,000, an increase of $400 from 2024. Married couples filing jointly will have a standard deduction of $30,000, up $800 from the previous year.

#TaxDeductions #StandardDeduction #TaxReform #USEconomy #IRS
January 3, 2025 at 3:10 PM
The U.S. is implementing key taxation reforms, including the expiration of Tax Cuts and Jobs Act provisions by 2025, which will raise the top marginal tax rate from 37% to 39.6%.

#TaxReform #TCJA #TaxPolicy #USEconomy
January 3, 2025 at 3:05 PM
Global monetary policies are undergoing significant shifts in the new year. The Federal Reserve has recently reduced interest rates to 4.25%–4.50%, aiming to stimulate economic growth amid persistent inflation concerns.

#MonetaryPolicy #FederalReserve #InterestRates #EconomicGrowth #Inflation
January 3, 2025 at 2:53 PM
Emerging markets are fueling global growth, with $5 trillion needed for clean energy by 2040. Dedollarization and nationalist trade policies are shifting global dynamics. Energy markets stay volatile, but oil prices remain steady due to growth optimism, economies lead the energy transition.
January 3, 2025 at 2:42 PM
South Korea has issued an arrest warrant for impeached President Yoon Suk Yeol over allegations of leading a martial law insurrection. This marks the first time a sitting president has faced arrest. Yoon's legal team plans to challenge the warrant, citing presidential immunity. #MartialLaw
December 31, 2024 at 2:55 PM
Air Canada flight lands in Halifax with a broken landing gear, resulting in the wing scraping the runway causing a fire
December 29, 2024 at 5:16 PM