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In Wednesday's "Conversation Connecticut," News 12's Rebecca Surran welcomes Craig Springer, CPA and consultant with Maillie LLP. Springer discusses changes in tax laws to keep in mind when filing your 2025 income tax return.
Some of the significant changes include an increase in the State and Local Tax (SALT) deduction cap, which rises from $10,000 to $40,000 for individuals, and seniors aged 65 and older can now claim a new $6,000 deduction to reduce taxable income per person.