WHAT'S NEW?

What's NOT new is that we LOVE our clients and being able to serve you.

Personal Tax returns will be due Wednesday, April 15, 2026.

Important Dates & Security

Tax Deadline: Personal Tax returns will be due Wednesday, April 15, 2026.
Secure Portals: We continue to use our secure portal for safe, paperless, and contactless document exchange. Contact us for your personal link or use our guest portal via the "Secure File Sharing" tab above.
ID.me & IPPIN: We strongly recommend establishing an Identity Protection PIN (IPPIN) through IRS.gov. This adds a critical layer of security to prevent fraudulent filings using your Social Security number.

Core Tax Law Changes (OBBBA 2025)

The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, makes the 2017 tax rates permanent and introduces several new deductions.

Individual & Household Changes

Standard Deduction Increases (2025): * $31,500 (Married Filing Jointly) | $15,750 (Single) | $23,625 (Head of Household).
New Senior Deduction: Adults aged 65+ can claim an additional $6,000 deduction (per person). This stacks on top of the existing extra standard deduction for seniors (totaling up to $7,600–$8,000 in "extra" senior benefits).
Higher Child Tax Credit: Increased to $2,200 per child for 2025.
Expanded SALT Cap: The State & Local Tax deduction limit has been boosted from $10,000 to $40,000 for most taxpayers.

New "Working American" Deductions

No Tax on Tips: You may deduct up to $25,000 in qualified tips (available for IRS-approved occupations).
No Tax on Overtime: You can now deduct the "premium" portion of your overtime pay (the extra 0.5x in time-and-a-half).
Auto Loan Interest: A new deduction for interest on loans for new personal-use vehicles (max $10,000; requires VIN on return).

2025 Credits & Reporting Requirements

Residential Energy Credits

2025 is the final year for these credits. Improvements must be installed by Dec 31, 2025. The IRS now requires a "Qualified Manufacturer Identification Number" from your dealer/installer.

Solar: 30% of cost (no limit). Primary/Secondary residences only (no rentals).
Windows/Doors: Max $600 for windows; $250 per door (max $500 total).
Heat Pumps/Water Heaters: 30% of cost, up to $2,000/year.
Electric Vehicles (EV): Note that federal EV credits expired on September 30, 2025.

Income & Mileage Reporting

1099-K Requirements: For 2025, if you received over $20,000 or had 200+ transactions via Venmo, PayPal, or Square for goods/services, you will receive a 1099-K. Please bring all forms to us, including those for personal reimbursements, so we can properly report them as non-taxable.
2025 Mileage Rates: * Business: .70 cents/mile
- Medical/Moving: .21 cents/mile
- Charity: .14 cents/mile

IRS Operational Changes (No More Paper Checks)

Per Executive Order 14247, the IRS is transitioning to a fully digital payment system.

Mandatory Direct Deposit: The IRS will no longer issue paper refund checks. We must have your direct deposit information (bank account or digital wallet).
Mailing Warning: The Post Office now postmarks envelopes only when processed, not received. We strongly encourage Certified Mail for any paper correspondence to ensure proof of timely filing.

Solar Credit - up to 30% of cost, no limit - including labor costs. This credit can be used for primary residence OR 2nd residence,

but NOT rental properties. Unused credit will be carried forward to future years.

Exterior Doors - Max credit of $250/door, not to exceed a total of $500 (does not include labor costs).

Exterior Windows - Max credit of $600 for all windows (does not include labor costs).

Insulation - No limit of credit (does not include labor costs).

Home Energy Audit - Credit is 30% of cost or a max of $150.

A/C, water heater, furnace, heat pump and/or electrical panel - up to 30% of cost with a max credit of $600 (includes labor costs).

Heat pump, heat pump water heater and/or pellet stove - Credit is 30% of cost with max $2000/year (includes labor costs).