LATEST NEWS

*UPDATES*
2026 Updates & Changes
  • HSA Triple Threat Benefits
  • Tax-deductible contributions – Money you put into an HSA lowers your taxable income.
    • Tax-free growth – Your HSA balance can grow through investing without being taxed.
    • Tax-free medical withdrawals – Use funds tax-free for qualified medical, dental, and vision expenses.

Bonus: After age 65, you can use HSA funds for non-medical expenses without penalties (taxed like an IRA).

SCHEDULE 1-A (Form 1040)

Where to file for no tax on tips, no tax on overtime, no tax on car loan interest, and the enhanced deduction for seniors.

Keep Up With All Business Receipts

Entrepreneurs: Make sure to keep up with your receipts. You can download Fetch App, use code Y1PK3


Don't Forget to Ask About a Free Estimate

2025 Filing Dates

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

2025 Tax Filing Changes

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


Tax Rates

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


The Ultimate Virtual Experience

First step is reaching out to Schedule a Strategy Call