Laura Saunders

speaker

5,937 appearances 109 recordings 1 series first heard Jul 2017 last heard Nov 2024

Laura Saunders’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Tax Season: What You Need to Know Before Filing · 27 Feb 2023 podcast

Now, the age for doing that was raised from 72 to 73 beginning in 2023, and it was raised to 75 beginning in 2033, which is a decade away. matched

A 2019 change had already put this up from 70 and a half to 72. matched

So if you're in those beginning dates that are going to be moving from 72 to 73, you need to watch out. matched

Maybe you don't wanna take out matched

Too much too soon. matched

Maybe you want to wait a while. matched

So keep an eye on those rules. matched

No, I'm sorry, but there really isn't. matched

Well, for individuals, there can be some relief for businesses, for business owners. matched

But what Congress did in 2017 was that they allowed only one $10,000 deduction per matched

per return for state and local taxes. matched

So that if you're a single person, you get $10,000 deduction. matched

And if you're a married couple, you get a $10,000 deduction. matched

And that has really put the squeeze on a lot of married couples. matched

But I don't think this is going to change. matched

It shows no signs of it. matched

It's something that the higher tax states have been very upset about, but they haven't gotten results yet. matched

But they've pushed for change and haven't really gotten results. matched

So it's still out there. matched

And it's not adjusted for inflation. matched

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