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Ages 60 to 63 will get a new, supersize limit for their 401(k) contributions and can save up to $34,750 for retirement.
Officials have offered advice on how low- and moderate-income taxpayers can save for retirement and potentially earn a tax credit in 2025 or beyond.
The agency is advising American taxpayers to take advantage of various online tools on its website to help with filing taxes.
From January, many Americans will start filing taxes for tax year 2024. Financial experts say some taxpayers could see more money untouched by the IRS.