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The One Big Beautiful Bill Act (OBBBA) provides an annual deduction of up to $10,000 for interest paid on qualifying new auto loans, effective for tax years 2025 through 2028.
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Individual bonds and bond funds can both provide an income stream, but there are important differences.
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It’s important for heirs to consider how a windfall might be used to strengthen their finances now and over the long term.
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It’s a good idea to regularly review beneficiary designations to be sure they are complete and reflect current wishes.