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Budget 2025 is helping with the challenges of rising costs of living by cutting personal income taxes for two million Albertans. When this tax cut takes effect, individuals can save up to $750 in 2025, while two-income families could see savings up to $1,500. This personal income tax cut is expected to save Albertans $1.2 billion in 2025. Most taxpayers will start to see the benefit on their paycheques after July 1, 2025, when payroll withholdings are adjusted. Learn more: alberta.ca/budget | Yo
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