As we approach the 2025 tax season, there are several not-so-usual factors to keep in mind that could impact your filing experience. In the first episode of the Forbes Tax Breaks Podcast, Senior Writer and tax attorney Kelly Phillips Erb delves into the implications of the Trump administration’s policies on taxes for the upcoming year.
One key highlight is the potential challenges stemming from hiring freezes and policy changes that have been put into effect. This could affect the IRS’s ability to process returns efficiently and may result in delays for taxpayers. Additionally, there is a focus on the impact of these policies on international taxation and foreign relations, which could have repercussions for taxpayers with foreign assets or income.
During the podcast, Erb also addresses a taxpayer question about the tax implications of child support and alimony, providing valuable insights for those navigating these complex financial situations. Furthermore, the episode tests listeners’ knowledge of tax history, offering an engaging way to dive deeper into the world of taxation.
Overall, as we gear up for the not-so-usual 2025 tax season, it will be crucial for taxpayers to stay informed and prepared for any potential changes or challenges that may arise. Keeping abreast of developments in tax policy and seeking expert advice when needed will be key to successfully navigating the upcoming tax season.
Watch the video by Forbes
Video “What To Know About Not-So-Usual 2025 Tax Season” was uploaded on 01/28/2025 to Dailymotion Channel Forbes