As tax season approaches, it’s time to ensure you’re fully prepared to maximize your refund and avoid unnecessary stress. At Taxes Etc., we specialize in making the filing process seamless while helping you keep more of your hard-earned money. Here’s what you need to know for the 2025 tax season.
Key Dates for the 2025 Tax Season
The IRS will begin accepting and processing tax returns on Monday, January 27, 2025. This year’s filing deadline is Tuesday, April 15, 2025. To avoid last-minute rushes, we recommend scheduling your tax preparation appointment early.
New Updates for 2025
2024 Tax Brackets: Make sure you’re aware of the updated federal tax brackets to see where you fall this year.
Single filers: $11,000 and below taxed at 10%.
Married filing jointly: $22,000 and below taxed at 10%.
Additional brackets have higher limits, so be sure to check how this impacts your refund.
Child Tax Credit: If you have dependents under the age of 17, you may qualify for up to $2,000 per child. New for 2025, families with dependents over 17 may be eligible for a partial credit.
Education Credits: The American Opportunity Credit and Lifetime Learning Credit continue to provide significant benefits for taxpayers paying tuition or repaying student loans.
Energy-Efficient Home Upgrades: If you invested in solar panels, energy-efficient windows, or electric vehicle charging stations in 2024, you could qualify for additional deductions or credits.
Top Tips to Maximize Your Refund
Organize Your Documents Early:
W-2 forms from employers.
1099 forms for self-employment or side income.
Receipts for deductible expenses, like charitable donations and medical costs.
Contribute to an IRA:
Contributions made to a traditional IRA before April 15, 2025, can reduce your taxable income for 2024.
Track Deductible Expenses:
Don’t overlook deductions for student loans, home office use, or energy-efficient upgrades.
Consult a Tax Professional:
Tax codes can be complex. Partnering with a professional ensures you don’t miss out on potential savings.
Why Choose Taxes Etc.?
At Taxes Etc., we prioritize accuracy, efficiency, and your peace of mind. Here’s how we can help:
Expert Knowledge: Our team stays updated with the latest tax laws.
Convenient Services: Schedule in-person or virtual appointments.
Personalized Approach: We tailor our services to fit your unique financial situation.
Why Choose Taxes Etc.?
At Taxes Etc., we prioritize accuracy, efficiency, and your peace of mind. Here’s how we can help:
Expert Knowledge: Our team stays updated with the latest tax laws.
Convenient Services: Schedule in-person or virtual appointments.
Personalized Approach: We tailor our services to fit your unique financial situation.
Ready to File? Contact Us Today!
Don’t wait to get started! Call us at 813-645-1756 or visit our website at www.taxesetcsouthshore.com to schedule your appointment. Let Taxes Etc. make this tax season your smoothest one yet.
Taxes Etc. | Your Trusted Tax Partner 604 W Shell Point Rd, Ruskin, FL 33570