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Three Smart Levers to Cut Your 2025 Tax Bill

Taxes are inevitable, but overpaying them isn’t. With new rules and opportunities in 2025, smart planning can help you keep more of your hard-earned money. Here are three effective levers to reduce your tax liability this year: 1. Maximize Retirement Contributions Contributing to retirement accounts such as RRSPs (Canada) or 401(k)/IRAs (U.S.) remains one of the most effective ways to lower taxable income. Contributions qualify for tax relief at your highest marginal rate, meaning every dollar you save reduces your tax bill significantly. Employer-matching programs make this even more attractive, and withdrawals in retirement can be structured for lower tax exposure. 2. Leverage Tax Credits and Deductions Common deductions include childcare expenses, education costs, and home office claims. Tax credits, unlike deductions, directly reduce the amount you owe, making them especially valuable. Temporary tax breaks introduced in 2025 can be maximized before they expire. 3. Use...
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Kamala Harris Selects Minnesota Governor Tim Walz as Vice President Running Mate

 


In a significant move for the 2024 presidential election, Vice President Kamala Harris has chosen Minnesota Governor Tim Walz as her vice presidential running mate. Walz, a two-term governor and former House member, brings a unique blend of qualities to the Democratic ticket.

Walz’s Winning Record and Progressive Stance

With a proven track record of winning over white working-class voters in Rust Belt states, Walz’s appeal extends beyond party lines. His robustly progressive record complements Harris’s vision, making them a formidable team. Democrats hope that this combination will help secure crucial battleground states like Wisconsin, Pennsylvania, and Michigan, which are pivotal for victory.

From Teacher to Governor: Walz’s Journey

Walz’s life experiences have shaped his ability to connect with diverse voting blocs. As a public school teacher and Army National Guard veteran, he can speak to veterans, organized labor, and other key demographics. His folksy, Midwestern reputation adds authenticity to his campaign efforts.

Walz’s selection underscores the importance of the Midwest in this election. As the campaign intensifies, Harris and Walz will work together to build a strong case for their vision of equality, justice, and progress for all Americans. The Democratic ticket aims to reclaim the “blue wall” states and secure a path to victory in November.


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