New 2025 Tax Brackets | Lower Retirement Taxes? Worst States for Retired Military

Most Expensive States for Retired Military Service Members | Trump Tariffs: Which States Would be Hardest Hit | IRS Updates Capital Gains Tax Thresholds for 2025 Created for {EMAIL} | [Web Version]( November 10, 2024 FOLLOW US:  [LinkedIn]( [Facebook]( [Youtube]( [Tax Tips]( [SIGN UP](format=multipart) ⋅ [WEBSITE]( [] Feature [] [Most Expensive States for Retired Military Service Members]( [Most Expensive States for Retired Military Service Members]( (Getty Images) With Veterans Day approaching, it’s important to revisit that while military retirement pay is subject to federal income tax, state-level taxes vary significantly across the country. From states that fully tax military pensions to those offering complete exemptions, the differences can influence your decision on where to settle after your service and impact your overall financial well-being. With that in mind, [here’s our list of the most expensive states for U.S. military Veterans](. [] In the News [] [Trump Tariffs: Which States Would be Hardest Hit]( As the dust settles from the 2024 presidential election, some attention turns to President-elect Donald Trump’s tariff plans, which could significantly affect households nationwide. That’s because the impact of tariffs is often passed on to consumers through higher prices for goods and services. A recent bipartisan study reveals that some states will likely bear a heavier economic burden than others, particularly in the Midwest and South. Do you live in one of them? [Find Out Here]( [Tax-Efficient Giving, Simplified]( With a Jewish Communal Fund (JCF) donor advised fund, supporting your favorite causes is simple. You can contribute cash or appreciated securities and suggest grants to any qualified charity—JCF takes care of everything else. Open a fund by 12/31 to take advantage of 2024 tax benefits. [LEARN MORE]( ADVERTISEMENT: [] Capital Gains Tax [] [IRS Updates Capital Gains Tax Thresholds for 2025]( [IRS Updates Capital Gains Tax Thresholds for 2025]( (Getty Images) The IRS has unveiled new long-term capital gains tax thresholds for 2025, reflecting a modest increase across all brackets and filing statuses. As usual, the income thresholds have shifted while the rates remain unchanged at 0%, 15%, and 20%. These adjustments can give you more room to realize gains at lower rates, potentially creating tax planning opportunities for the coming year. [Here’s what you need to know](. Featured Content Sponsored Content from Kiplinger Spotlight On Year-End Tax Planning [FREE webinar, year-end tax planning for charitable giving]( This [free webinar]( will cover year-end tax planning, focusing on charitable giving, especially through donor-advised funds. We'll show how a donor-advised fund can help you make wise decisions about which charities to support. 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From downsizing to strategic investing, this article explores creative approaches that may help retirees streamline their lives and potentially reduce their tax burden. [Reduce Taxes]( [7 Secrets About Hiring a Financial Advisor]( Working with a financial advisor can be a crucial part of any healthy retirement plan. But choosing the wrong one could wreak havoc. Check out these 7 secrets comfortable retirees know about hiring an advisor, so you can work to potentially save years of stress. [See the list]( ADVERTISEMENT [] In Case You Missed It [] [New 2025 Tax Brackets Are Set]( [New 2025 Tax Brackets Are Set]( (Getty Images) Planning your financial future? The IRS has just unveiled the 2025 income tax brackets, offering a glimpse into potential tax strategies for the coming year. With inflation-adjusted thresholds and unchanged rates, these new brackets could impact your financial decisions and overall tax liability. So, in case you missed it, here’s our take on the new federal income tax brackets for 2025 — [you’ll use these when you file your return in early 2026](. [Earn Dividend Income with CRE's Preferred Shares]( In a market full of volatility, the CRE Income Fund offers stability and growth. Preferred shares with a 10% dividend yield provide consistent income. Enjoy the ease of 1099 tax reporting while your cash flow grows. [READ MORE]( ADVERTISEMENT [] STOP OVERPAYING ON YOUR TAXES [] [STOP OVERPAYING ON YOUR TAXES]( (Kiplinger) Get a F[REE ISSUE of The Kiplinger Tax Letter]( and never pay one cent more than necessary on your taxes, for yourself, your business, or your clients. Then [save up to 58% off the cover price]( to subscribe, and get exclusive special issues such as New Tax Rules This Year, Year-End Tax Planning, or other topics. [CLICK HERE]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. 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