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kirkland

06-11-2025 11:24 AM

Question about big beautiful bill and tax thresholds

Among other things, it aims to restore the tax threshold to $20,000 as it used to be many years ago. For 2025, the threshold is currently $2,500 (and for 2024, it was $5,000). If its passed, will it only apply to 2026 and on? Or also for earlier tax years that have not yet been reported

solefoodbk

06-12-2025 03:37 AM

Re: Question about big beautiful bill and tax thresholds

Wow I didn't know that. Thanks for letting us know! Really!

rsot	06-12-2025 08:50 AM

Re: Question about big beautiful bill and tax thresholds

I think agent actually mentioned this in a thread way back

kirkland

06-12-2025 11:42 PM

Re: Question about big beautiful bill and tax thresholds

Quote:

Originally Posted by agent006140 (Post 1258651)

do you mean you did not report your sales of previous years?

Lets just say Im a bit tardy on some of my tax filings :shhh:

rsot	06-13-2025 08:46 AM

Re: Question about big beautiful bill and tax thresholds

Quote:

Originally Posted by kirkland (Post 1258669)

Lets just say Im a bit tardy on some of my tax filings :shhh:

Morning chuckles :lol:

agent006140

06-15-2025 06:22 PM

Re: Question about big beautiful bill and tax thresholds

https://www.marketwatch.com/story/go...55?mod=home_ln

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