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4 smart moves to cut your 2025 tax bill under new rules

4 smart moves to cut your 2025 tax bill under new rules

Sheryl Rowling of Morningstar

The One Big Beautiful Bill Act made some long-awaited permanent changes to the tax code. It also introduced short-term tax breaks that come with strict limits and phaseouts, and many of them are only available through 2028 or 2029. Here are four ways to get the most out of the OBBBA’s temporary provisions as you file your 2025 taxes and plan ahead.

1. Don’t dismiss itemizing your deductions

The OBBBA temporarily boosts the state and local tax deduction cap, or SALT, from $10,000 to $40,000 (for married couples filing jointly and single filers). This higher cap applies from 2025 through 2029.

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Supreme Court ruling offers little relief for Republicans divided on Trump’s tariffs

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By STEPHEN GROVES

WASHINGTON (AP) —

For a few hours on Friday, congressional Republicans seemed to get some relief from one of the largest points of friction they have had with the Trump administration. It didn’t last.

The Supreme Court struck down a significant portion of President Donald Trump’s global tariff regime, ruling that the power to impose taxes lies with Congress. Many Republicans greeted the Friday morning decision with measured statements, some even praising it, and GOP leaders said they would work with Trump on tariffs going forward.

But by the afternoon, Trump made clear he has no intention of working with Congress and will instead go it alone by imposing a new global 10% import tax. He’s doing so under a law that restricts the tariffs to 150 days and has never been invoked this way before. That decision could not only have major implications for the global economy, but also ensure that Republicans will have to keep answering for Trump’s tariffs for months to come, especially as the midterm elections near. read more

A toilet that checks gut health? New products at Builders’ Show focus on wellness

A toilet that checks gut health? New products at Builders’ Show focus on wellness

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Bill Darcy, CEO of the National Kitchen & Bath Association, said the use of AI and smart technology in home design isn’t a fad, according to a report in GrowthSpotter. “It’s going to be around for a while,” he said. “The technology and the wellness are more of an expectation. So a lot of the companies are focused on how their products are sustainable and smart, while also thinking about wellness and health and multi-generational living.”

Kohler has created an entire wellness division called Kohler Health to debut its new infrared saunas, cold plunge tubs and smart toilets, which were all showcased as part of The New American Home this year. The company also debuted its Dekoda device, which attaches to the side of the toilet bowl and uses light-based sensors to keep track of the users’ hydration and gut health. read more

Will City Hall incentives bring single family homes back to Parramore?

Will City Hall incentives bring single family homes back to Parramore?

Orlando has a plan its leaders hope will boost home ownership in Parramore, a neighborhood with nearly twice as many vacant residential lots as it has single-family homes.

The city council is expected to weigh incentives to encourage the construction of single-family homes sold at or below $375,000. The builders would receive rebates on impact and permit fees, while homebuyers would get $45,000 in down payment assistance, with a further $10,000 given to first responders.

The city council is set to vote on the package, called the Orlando Unlocked Open Door Program, on Monday.

“The goal for me is building more home ownership,” said City Commissioner Shan Rose. “Home ownership is about building generational wealth and bridging the wealth gap in our community.”

The Parramore area, just west of I-4, is one of the region’s poorest neighborhoods, with a 2020 city report finding that roughly half of households are below the poverty line. The report, which studied Parramore and neighboring Holden, estimated there were 151 owner-occupied housing units there, or less than 6% of the total housing units. read more

Someone is buying up downtown Winter Garden — and residents are in an uproar

Someone is buying up downtown Winter Garden — and residents are in an uproar

Winter Garden’s downtown, the envy of neighboring communities for its successful blend of charm and homegrown commerce, faces an uncertain future as nine commercial buildings, eight on West Plant’s red brick streets, have been sold for millions to a new owner.

Some shop owners in the buildings say they’ve been notified by the new owner/landlord that their leases will not be renewed.

“Despite every effort to communicate and explore possible solutions, we were not granted an extension or the opportunity to stay,” lamented a recent post on the Facebook page of Three Birds Café, which announced the popular lunch spot at 2 West Plant Street would close Feb. 26. “We were built on the belief that small, locally owned spaces are what gives Winter Garden its heart.”

The now-deleted social media post was later replaced by a different message, thanking patrons for their support.

A few customers staged a protest Friday outside the café but were shooed away by a Three Birds employee, who said the new landlord required demonstrators and media move 500 feet from the building, which is also home to Polka Dotz, a locally owned boutique. read more