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Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

🎁 IRS releases tax brackets

Published about 2 months ago • 1 min read

Good morning Reader,

With Donald Trump winning a second term, it will be interesting to see how his policies (and what he's able to enact) will impact our finances.

We're likely to see tax cuts (some of the cuts he enacted in the Tax Cuts and Jobs Act in 2017 are set to expire at the end of next year) and tariffs, which could raise costs of some goods on Americans.

Either way, it's still too early to tell.

​(View this email as a webpage)​

💵 IRS announces 2025 tax brackets

Every year around this time, the IRS announces all the updated numbers for taxes next year.

And, as you'd expect, a lot of them went up.

If you're curious, here are next year's tax brackets (and standard deductions):

​👉 2025 Federal Tax Brackets & Standard Deduction Amounts​

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🕧 Average income in America

Ever wonder what the median income in America is? (yes yes, I know I put average in the heading even though average ≠ median)

We have Social Security and US Census data - what's your guess as to the median income?

Now check:

​👉 Average Income in America: What salary in the United States puts you in the top 50%, top 10%, and top 1%?​

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🤖 Google AI is inaccurate (for now)

My friend Robert of The College Investor took a look at some finance related results from Google's AI and found some surprising results:

​👉 Google AI results for financial searches are inaccurate​

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What did you think of today's email?​
✅ I Loved It! 🟨 It Was Okay ❌ Not My Favorite​

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Take care!

Jim

PS. 🦃 Need turkey for Thanksgiving? ButcherBox is running a promotion where you get a free turkey (10-14lb) or ham (8lb) with your first shipment! Click here to see.​

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Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

💵 Founder of WalletHacks.com

I have been writing about money for nearly 20 years and believe that personal finance is one of those subjects that is made complicated because it benefits a select few. Our aim is to help make it easier to understand so that regular folks can use what we teach to take control of their money and build wealth.

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