The Economic Times News

Only 2 dates left: Americans must act before January 1 to lock in a crucial tax break for 2026

Taxpayers have a crucial two-day window on December 30 and 31 for a special retirement plan withdrawal. This move allows penalty-free access to funds for long-term care insurance premiums. New tax laws offer several deductions for 2025, including for seniors and auto loan interest. The SALT deduction cap has also significantly increased, impacting itemizers.