Always Get Excited: Your Tax Return Means Extra Cash in Your Pocket!
Filing your income tax return with a tax pro. isn’t just a yearly task—it’s a guaranteed opportunity for a financial boost! Here’s why you should be thrilled about filing with us and how you can make the most of your guaranteed refund throughout the year:
- Boost Your Emergency Fund: Strengthen your financial safety net with each refund.
- Invest in Your Future: Consistently grow your retirement savings or start new investments.
- Upgrade Your Skills: Annually invest in courses or conferences to advance your career.
- Home Improvements: Tackle a new home project each year with your refund.
- Plan Regular Getaways: Use your annual refund for well-deserved vacations.
- Steadily Reduce Debt: Chip away at high-interest debt, improving your financial health yearly.
- Grow a Side Hustle: Invest in your passion project a little more each year
- Make Annual Charitable Contributions: Share your good fortune with causes you care about.
Remember, your tax refund isn’t just extra money—it’s based on your previous year’s work and investment contributions. It is also a dependable opportunity to improve your life and achieve your goals year after year. Get excited about the upcoming filing season, knowing you’ll always have extra cash to put towards what matters most to you!
Preparing for 2025
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The 2025 tax brackets and other significant tax adjustments announced by the IRS are as follows:
Standard Deduction:
- $30,000 for married couples filing jointly
- $15,000 for single filers
- $22,500 for head of household
More changes:
- For individuals with three or more eligible children, the maximum Earned Income Tax Credit will
increase to $8,046. - Foreign earned income exclusion rise to $130,000.
- Annual gift tax exclusion increase to $19,000.
Reminder:
- The tax revisions were made public by the IRS on Tuesday, October 22, 2024.
- The income tax year 2025 will be impacted by the data presented above.
- To ensure an income tax refund, please make the right tax election claims on your W4 within 1-2 cycles in the 2025 New Year.
- Don’t forget to check out your favorite where’s my refund website, irs.gov, for additional
information on tax brackets, withholding certificates (Form W4), and the 2025 adjusted tax revisions.
