Happy New Year!
Sending you warm thoughts and best wishes for a wonderful new year. May the days ahead be filled with joy, laughter, and prosperity for you and those you hold most dear.
Happy Thanksgiving
Thanksgiving will be here soon. The holiday always gives us a chance to appreciate what we have – friendships, relationships, and a sense of togetherness. These gifts are priceless.
This holiday is also an appropriate time for me to thank you – for choosing me as your trusted financial professional and for allowing me to get to know you and help you as you pursue your goals.
I hope that this year’s Thanksgiving brings you some beautiful memories. I wish you a great Thanksgiving and a wonderful holiday season.
IRS Releases 2025 Tax Brackets
|
The Internal Revenue Service released the updated income tax brackets, standard deduction, and retirement contribution limits for the 2025 tax year. While these changes won’t impact you for some time, it may benefit you to start thinking ahead. The top rate remains 37%, but remember that 2017’s Tax Cuts and Jobs Act expires at the end of 2025. Overall, more than 60 provisions have changed at the federal level. Here are a few of the most critical changes in the federal tax bracket and retirement contribution limit. While the IRS has highlighted its changes, keep an eye out for any changes to individual and business taxes that may be pending in your state.1 Tax Bracket Inflation Adjustment Standard Deduction Marginal Rates Gift Tax Estate Tax Credit All information sourced from IRS.gov. Remember that we provide updates for informational purposes only, so consult with your tax professional before making any changes in anticipation of the new 2025 levels. You can also contact our offices, and we can provide information about the pending changes. Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming don’t levy a state income tax. |
| 1. IRS.gov |
Happy Halloween!
|
Hot Dog Inflation at the Ballpark
When you hear “hot dog” and “inflation” in the same sentence, you might think of those supermarket franks that plump up when cooked. In this case, we’re talking about the original dogs of the ballpark, a cultural touchstone of America’s pastime.
The average price of a Major League Baseball (MLB) hot dog across the 30 North American ballparks is $5.99, and that’s for the lowest-priced hot dog offered at the parks. That average covers a wide range, including the $8.39 “Colossal Dog” offered at Oakland Coliseum, home of the Athletics, and a $2.99 option at Chase Field, where the Arizona Diamondbacks play.1
You’ll need to grab your passport if you’re looking for the cheapest dog in the MLB. When you take in a Toronto Blue Jays home game, you can find a $2.55 hot dog at Roger Centre.1
From the chart, you can see that seven of the top ten highest-priced dogs are for teams that may not make the playoffs. On the other hand, eight of the ten least expensive dogs are at stadiums where teams are fighting for a playoff spot.
While consumers are used to seeing a mark-up on concessions at movie theaters, concerts, and sporting events, MLB offers a relatively inexpensive option compared to the National Football League (NFL).
The average cost for a family of four is $180.54, which figures tickets, parking, beverages, and (of course) hot dogs. That range is higher in some cities, over $320 in Los Angeles (the Dodgers) or Boston (the Red Sox), and lower in others. A family can see a game for under $140 in a handful of lower-end markets: the Cincinnati Reds, Colorado Rockies, Cleveland Guardians, Kansas City Royals, and Chicago White Sox.2
The reason for the boosted prices? Concessions play a big part in maintaining the grounds and paying for the teams. Dodgers pitcher Shohei Ohtani inked a $700 million, 10-year contract with the team. That means the Dodgers hope you show up to the game hungry!2
As the season winds down, I hope you have enjoyed a few games, whether at the ballpark or at home. At my house, the dogs always come dressed the way I like them and are considerably less expensive!
1. Sports Business Journal, May 6, 2024
2. The Street, April 12, 2024
Happy Labor Day
As we celebrate Labor Day, we can think about the hard work we perform for our communities. We can also consider the work of those before us and how their efforts helped build this great nation we know and love.
I hope you have a great Labor Day weekend!