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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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Supreme Court Upholds Sentencing Schedule in Landmark Hush-Money Case


In a significant legal development, the U.S. Supreme Court has declined to intervene in the sentencing of former President Donald Trump in connection with the hush-money case. This decision comes after a lower court found Trump guilty on multiple counts of felony charges related to payments made to silence allegations of an affair during the 2016 presidential campaign. 

The high court's refusal to halt the sentencing allows the legal process to proceed without further delay, setting a precedent for the accountability of public figures. Trump's legal team had sought to postpone the sentencing, citing various constitutional challenges, but the justices denied these requests without comment. 

Legal analysts suggest that this outcome underscores the judiciary's independence and the principle that no individual is above the law. The sentencing is now scheduled to proceed as planned, marking a pivotal moment in this high-profile case. 



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