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Don't Forget to Ask About a Free Estimate
Tax Filing Season-Late January
Deadline to receive W-2/1099 Forms-1/31/2025
Federal Tax Filing Deadline 4/15/2025
Tax extension Deadline 10/15/2025
Single & Married but filing separate-Standard deductions rise to $15,000
Married filing jointly-Standard deduction rises to $30,000
Head of Household-Standard deduction $22,500
Earned Income Credit/EIC- For 3 or more eligible children max credit is $8046
There are seven federal income tax brackets 10%, 12%, 22%, 24%, 32%, 35%, 37%. most people fall in 2 of these brackets, which means you can end up paying different tax rates on different portions of your income