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New Federal Accounts Offer $1,000 for Kids’ Savings — But You Need to File Form 4547

For the first time in decades, everyday employees—not just business owners—may be able to deduct car loan interest.

A practical, federal-only year-end OBBBA cheat sheet for 2025. Tactics for the $40k SALT cap, Child Tax Credit, new above-the-line deductions, senior add-on, energy and EV sunsets, bonus depreciation, and 1099-K changes. Built for tax pros with real checklists and last-minute moves.

Reducing your federal income tax liability is a goal many strive for, yet it often feels complicated and out of reach. Fortunately, there are practical strategies you can implement to lower the amount you owe to the IRS. By understanding the tax code and making smart financial decisions, you can keep more of your hard-earned money. This article explores effective ways to reduce federal income tax, providing clear examples and actionable tips. Maximize Tax-Advantaged Accounts