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Detailed Explanations & Requirements (Tax Year 2025 \u2022 Filed in 2026)<\/p>\n<\/p><\/div>\n
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Critical Requirement: Tips & Overtime Must Be Verified<\/p>\n
\n If you earned tips<\/strong> or overtime<\/strong>, please review your paystubs and W-2 BEFORE your appointment<\/strong>. <\/p>\n \n Federal tax brackets are adjusted for inflation. Most taxpayers will take the standard deduction, which is higher for 2025.\n <\/p>\n Standard Deduction (2025)<\/p>\n \n Single: $15,750 \u2022 Married Filing Jointly: $31,500 \u2022 Head of Household: $23,625\n <\/p>\n<\/p><\/div>\n<\/p><\/div>\n \n Tips remain taxable, but certain tips may qualify for a deduction if properly reported.\n <\/p>\n What you must do BEFORE your appointment:<\/p>\n \n We cannot estimate or change tip income without official documentation.<\/strong>\n <\/p>\n<\/p><\/div>\n \n Some overtime pay may qualify for a deduction if it is correctly identified and documented.\n <\/p>\n What you must do BEFORE your appointment:<\/p>\n \n If overtime is reported incorrectly, eligibility for deductions may be reduced.<\/strong>\n <\/p>\n<\/p><\/div>\n \n Interest paid on certain financed vehicles may be deductible if requirements are met (including possible income limits).\n <\/p>\n Bring these documents:<\/p>\n \n The Child Tax Credit can be up to $2,200 per qualifying child<\/strong> under age 17. Eligibility depends heavily on Social Security number rules.\n <\/p>\n SSN Requirement (Very Important)<\/p>\n \n In general, to claim the Child Tax Credit, the child must have a valid SSN<\/strong> and the taxpayer claiming the child must have a valid SSN<\/strong>. If you don\u2019t qualify for CTC:<\/p>\n \n You may still qualify for the Credit for Other Dependents<\/strong> (up to $500 per dependent) in certain cases.\n <\/p>\n<\/p><\/div>\n \n Taxpayers age 65+ may qualify for an additional deduction on top of the standard deduction.\n <\/p>\n<\/p><\/div>\n \n Some taxpayers who itemize may benefit from a temporarily higher cap on deducting state and local taxes, including property taxes.\n <\/p>\n<\/p><\/div>\n<\/p><\/div>\n <\/p>\n Need help preparing?<\/p>\n \n Review your documents here: 2025 Tax Updates Detailed Explanations & Requirements (Tax Year 2025 \u2022 Filed in 2026) English Espa\u00f1ol Contact Us Document Checklist View Summary Page Critical Requirement: Tips & Overtime Must Be Verified If you earned tips or overtime, please review your paystubs and W-2 BEFORE your appointment. We cannot guess or adjust employer-reported amounts without documentation. […]<\/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-1376","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/lltaxms.com\/index.php?rest_route=\/wp\/v2\/pages\/1376","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=1376"}],"version-history":[{"count":6,"href":"https:\/\/lltaxms.com\/index.php?rest_route=\/wp\/v2\/pages\/1376\/revisions"}],"predecessor-version":[{"id":1421,"href":"https:\/\/lltaxms.com\/index.php?rest_route=\/wp\/v2\/pages\/1376\/revisions\/1421"}],"wp:attachment":[{"href":"https:\/\/lltaxms.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n We cannot guess or adjust employer-reported amounts without documentation. Incorrect information can reduce deductions or delay your return.\n <\/p>\n<\/p><\/div>\n1) Federal Brackets & Standard Deduction<\/h2>\n
2) Tips Income \u2014 Details & Requirements<\/h2>\n
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3) Overtime Pay \u2014 Details & Requirements<\/h2>\n
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4) Car Loan Interest Deduction \u2014 Requirements<\/h2>\n
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5) Child Tax Credit \u2014 Requirements (SSN Rules)<\/h2>\n
\n If an SSN is missing, the Child Tax Credit may not apply.\n <\/p>\n<\/p><\/div>\n6) Senior Additional Deduction<\/h2>\n
7) SALT Deduction (State & Local Taxes)<\/h2>\n
\n Document Checklist<\/a>
\n \u2022 Or contact us:
\n Contact Us<\/a>\n <\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"