In recent months, President Trump has hinted at a sweeping and aggressive new tariff strategy, reviving a familiar playbook from his first term. Framed as a way to reduce the trade deficit, boost domestic manufacturing, and tighten border security, Trump’s tariff plan could have far-reaching consequences across nearly every sector of the U.S. economy.

The start of a new year often ushers in important tax updates, as the IRS adjusts numerous provisions to reflect inflation. Annual tax adjustments are essential for preserving the value of tax benefits, shielding taxpayers from the erosive effects of inflation. By staying informed about these updates, you can refine your financial planning, enhance tax strategies, and maximize retirement savings opportunities for 2025 and beyond.

Inflation was a defining issue of the 2024 presidential election, with many voters backing now-President Trump after he vowed, “Starting on day one, we will end inflation and make America affordable again.” Yet, weeks into his presidency, inflation remains stubbornly persistent. As of February 2025, the annual inflation rate sits at 3%—half a percentage point higher than the previous month and still above the Federal Reserve’s 2% target.

The 2024 election has ignited widespread debate about its potential impact on individuals and the broader economy. Donald Trump’s second term as President marks the beginning of a new chapter poised to reshape the financial landscape in significant ways.

The explosive surge in Bitcoin’s value following Donald Trump’s re-election has captivated investors worldwide, rewarding early adopters with substantial gains. The cryptocurrency jumped nearly 8% in early trading the day after Election Day, surpassing $75,000 and shattering its previous record set in March.

Strategic tax planning is about much more than filing returns – it's about making savvy financial choices that can significantly impact your tax obligations. As we approach year-end, now is the perfect time to take a proactive stance on your tax planning to potentially reduce your 2024 tax bill.