2025 won’t bring about many huge changes. Most of the key tax changes going into effect in the new year amount to adjustments to income or contribution limits. As of this article’s writing, the tax cuts ushered in as part of the Tax Cuts and Jobs Act of 2017—related to income tax and the estate
As the year comes to a close, it’s the perfect time for business owners and individuals to start organizing their financial documents and preparing for tax season. Proper preparation ensures a smoother and less stressful experience when working with your accountant. Here are some key tips to help you get ready for tax time. Organize
The tax year 2025 adjustments described below generally apply to income tax returns to be filed starting tax season 2026. The tax items for tax year 2025 of greatest interest to many taxpayers include the following dollar amounts: Standard Deductions. For single taxpayers and married individuals filing separately for tax year 2025, the standard deduction
Preparing for tax season can often be a daunting task, especially when it comes to organizing and collecting all the necessary documents. However, with a bit of planning and a systematic approach, you can make the process much smoother and less stressful. Here are some practical tips for maintaining and collecting your documents to ensure
Tax season can be a stressful time for many, but with some organization and planning throughout the year, it doesn’t have to be. Whether you’re a business owner, a freelancer, or just managing your personal finances, staying organized can save you time, money, and stress. Here are some tips to help you stay on top
Taxpayers are ultimately responsible for all the information on their income tax return. That’s true no matter who prepares the return. Here are ten tips for taxpayers to remember when selecting a preparer: Check the Preparer’s Qualifications.Use the “IRS Directory of Federal Tax Return Preparers with Credentials and Select Qualifications”. This tool helps taxpayers find
