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Tax Alaska Form

Tax Alaska Form

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Hey guys, Toby Mathis here. And today we're going to go over the IRS new brackets. just came out this week that are adjusted for inflation. I always like to point out there's certain things that are adjusted for inflation. There's certain things that are not in the tax code. For example, child tax credit is not in adjusted for inflation. It's at a fixed amount. capital gain loss limitations at $3,000 per year doesn't get adjusted for inflation. What's another one that might be out there that you guys probably have to deal with? Probably the, the state and local tax limitation, the Salt deduction if you're itemizing your deductions, you know, it's at $10,000. It doesn't get adjusted for inflation, but the tax brackets as a whole get adjusted for inflation. And so you can see the difference between our tax brackets in 2024 sitting over here in 2025. Now this is single filers. I'll just make this easier to to

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