{"id":1362,"date":"2025-12-15T18:23:22","date_gmt":"2025-12-15T18:23:22","guid":{"rendered":"https:\/\/lltaxms.com\/?page_id=1362"},"modified":"2025-12-15T18:57:16","modified_gmt":"2025-12-15T18:57:16","slug":"new-tax-updates-important","status":"publish","type":"page","link":"https:\/\/lltaxms.com\/?page_id=1362","title":{"rendered":"2025 Tax Updates- Summary"},"content":{"rendered":"

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2025 Tax Updates<\/h1>\n

Quick Summary (Tax Year 2025 \u2022 Filed in 2026)<\/p>\n<\/p><\/div>\n

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\n Espa\u00f1ol
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\n Contact Us
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\n Document Checklist
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Important Reminder (Tips & Overtime)<\/p>\n

\n If you earned tips<\/strong> or overtime<\/strong> in 2025, please verify your employer-reported information is correct<\/strong>
\n before<\/strong> coming to our office. Incorrect reporting can delay your return or reduce eligibility for deductions.\n <\/p>\n<\/p><\/div>\n

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1) Federal Brackets & Standard Deduction<\/h2>\n

\n Federal tax brackets remain in place and are adjusted for inflation. Standard deduction amounts are higher for 2025.\n <\/p>\n<\/p><\/div>\n

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2) Tips Income (Updated)<\/h2>\n

\n Tips are still taxable, but certain tips may qualify for a deduction when properly reported.
\n Verify your W-2 and tip records are accurate before your appointment.<\/strong>\n <\/p>\n<\/p><\/div>\n

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3) Overtime Pay (Updated)<\/h2>\n

\n Some overtime pay may qualify for a deduction if it is correctly documented.
\n Review paystubs and confirm overtime reporting before coming in.<\/strong>\n <\/p>\n<\/p><\/div>\n

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4) Car Loan Interest Deduction (New)<\/h2>\n

\n Interest on certain financed vehicles may be deductible (income limits apply). Bring your loan statements and bill of sale.\n <\/p>\n<\/p><\/div>\n

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5) Child Tax Credit (Updated)<\/h2>\n

\n Up to $2,200 per qualifying child<\/strong> (under 17). The rules now strongly depend on having valid Social Security numbers.
\n See the detailed page for requirements.\n <\/p>\n<\/p><\/div>\n

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6) Credit for Other Dependents<\/h2>\n

\n If you do not qualify for the Child Tax Credit, you may qualify for up to $500 per dependent<\/strong> in certain cases.\n <\/p>\n<\/p><\/div>\n

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7) Additional Deduction for Seniors<\/h2>\n

\n Taxpayers age 65+ may qualify for an additional deduction on top of the standard deduction.\n <\/p>\n<\/p><\/div>\n

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8) SALT (State & Local Tax) Deduction (Temporary Increase)<\/h2>\n

\n The limit for deducting state and local taxes is temporarily higher for some taxpayers who itemize.\n <\/p>\n<\/p><\/div>\n<\/p><\/div>\n

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Want the full requirements?<\/p>\n

\n Visit the detailed page here:
\n 2025 Tax Updates \u2013 Detailed<\/a>\n <\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

2025 Tax Updates Quick Summary (Tax Year 2025 \u2022 Filed in 2026) English Espa\u00f1ol Contact Us Document Checklist Important Reminder (Tips & Overtime) If you earned tips or overtime in 2025, please verify your employer-reported information is correct before coming to our office. Incorrect reporting can delay your return or reduce eligibility for deductions. 1) […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-1362","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/lltaxms.com\/index.php?rest_route=\/wp\/v2\/pages\/1362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lltaxms.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/lltaxms.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/lltaxms.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lltaxms.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1362"}],"version-history":[{"count":4,"href":"https:\/\/lltaxms.com\/index.php?rest_route=\/wp\/v2\/pages\/1362\/revisions"}],"predecessor-version":[{"id":1387,"href":"https:\/\/lltaxms.com\/index.php?rest_route=\/wp\/v2\/pages\/1362\/revisions\/1387"}],"wp:attachment":[{"href":"https:\/\/lltaxms.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}