by Ana Cervantes | Jan 6, 2026 | Uncategorized
2025 standard deduction: SINGLE STATUS $15,750MARRIED/JOINT FILERS $ 31,500 FILERS OLDER THAN 65 YRS OLD $2,000 IF TAXPAYER QUALIFIES:ADDITIONAL DEDUCTION $1,600ADDITIONAL DEDUCTION $ 1,600ADDITIONAL DEDUCTION $ 2,000 BONUS DEDUCTION/TAX RELIEF (FROM YR 2025 TO...
by Ana Cervantes | Dec 10, 2024 | Uncategorized
January 31, 2025 deadline to file Form 1099-NEC (Nonemployee Compensation).It’s important for the employers to prepare and file the appropriate 1099’s to the IRS before the deadline otherwise heavy penalties for late submissions or wrong information will be imposed....
by Ana Cervantes | Dec 10, 2024 | Uncategorized
Notable changes for tax year 2025 The tax year 2025 adjustments described below generally apply to income tax returns to be filed starting tax season 2026. The tax items for tax year 2025 of greatest interest to many taxpayers include the following dollar amounts:...
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