In This Episode:
Tax season is here, but filing your 2024 return is just one piece of the puzzle. Now is also the perfect time to take advantage of new tax rules for 2025 before the year gets away from you.
With higher standard deductions, increased retirement contribution limits, and updated HSA rules, there are plenty of opportunities to potentially lower your tax bill and boost your savings. In this episode, we’ll break down the key changes and how you can start planning now to make the most of them.
Ryan walks through the most impactful updates—like the overlooked 401(k) catch-up contribution for ages 60–63—and explains what they could mean for your financial plan. You’ll also learn how to avoid common missteps when maxing out your accounts and why working with a proactive tax planner (not just a tax preparer) can make a real difference. If you want to find out how we incorporate tax planning strategies into the overall plan, this conversation will help you better understand our process at Black Oak Asset Management.
Here’s what we discuss in this episode:
📄 New standard deduction for 2025: what you need to know
📈 401(k) limits increase
🏥 HSA: The triple tax threat
💡 Tools and tips to get ahead before 2026
0:00 – Intro
2:12 – Tax changes in 2025
5:34 – Savings opportunities
7:30 – IRA max staying the same?
8:20 – HSA contribution limits
9:28 – Changes with the biggest impact
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Resources:
Phone: (470) 508-0508
Get in touch with the Black Oak team: https://blackoakam.com/contact-us/
Schedule a call with Ryan: https://speakwithryan.com/
Get more financial education on our YouTube Channel: https://bit.ly/45kJlwI
