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Navigating Personal Finance in 2025: Key Changes to Capital Gains and Tax Brackets

As we step into 2025, several significant changes are set to impact personal finance, particularly in the areas of capital gains and tax brackets. These adjustments are designed to adapt to economic conditions and provide better financial planning opportunities for individuals. Capital Gains Tax Adjustments One of the most notable changes is the adjustment to capital gains tax. Starting in 2025, a higher tax rate will be applied to capital gains exceeding $250,000. This means that individuals selling assets with substantial gains may need to reconsider their timing and strategy to minimize tax liabilities. For example, spreading the sale of assets over multiple years could be a more tax-efficient approach. Changes to Tax Brackets Inflation adjustments are also on the horizon for tax brackets. To prevent inflation from pushing taxpayers into higher brackets, the income thresholds for each tax bracket will increase by 2.7%. For instance, the federal tax rate for earnings up to $57,375 wi...

International Court of Justice Orders Israel to Stop Its Offensive in Rafah Now

 


In a dramatic ruling, the International Court of Justice (ICJ) has ordered Israel to immediately halt its military offensive in Rafah, the city in southern Gaza where more than 1 million people had sought refuge in dire conditions. The top United Nations court cited an “immediate risk” to Palestinians, noting that more than 800,000 people had been forced to flee Rafah since Israeli forces began ground operations in an area that had once been declared a safe zone.

Judge Nawaf Salam, president of the ICJ, said Israel had failed to sufficiently address and dispel concerns raised by its offensive, all while the “catastrophic” living conditions of Palestinians in the strip had deteriorated further. Israel is unlikely to comply with the order, which the ICJ has no power to enforce, but the landmark ruling will pile pressure on the increasingly isolated U.S. ally. Israel has indicated it would not accept a court order to end the war against Hamas. Prime Minister Benjamin Netanyahu was meeting with legal advisors to review the ruling, an Israeli official told NBC News, shortly after it was issued. Israeli Opposition leader Yair Lapid also criticized the ruling, saying the court had not made a connection between the fighting in Rafah and the return of Israeli hostages. Hamas, meanwhile, welcomed the decision, saying it expected the ICJ to issue a similar decision for the whole of the Gaza Strip and not just Rafah.

Defying mounting international outrage over the humanitarian crisis in the enclave, the Israeli military has pressed ahead with the deadly offensive it launched in the wake of Hamas’ Oct. 7 attacks. Talks for a cease-fire have stalled, despite pressure at home for Netanyahu to secure the release of hostages still held in Gaza. Judge Salam on Friday also reiterated the ICJ’s concerns for the safety of hostages held in Gaza and called for their immediate and unconditional release. The ICJ’s order follows an urgent plea by South Africa as part of its ongoing case at the court, based in The Hague, Netherlands, accusing Israel of genocidal acts in its months long assault on Gaza, a charge both Israel and the United States have denied.

The situation in Rafah remains tense, and the world watches closely as the ICJ’s ruling puts pressure on Israel to reconsider its military actions and address the humanitarian crisis in the region. The court’s decision highlights the urgency of finding a peaceful resolution to the conflict and ensuring the safety and well-being of civilians caught in the crossfire.


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