2022 Year-End Tax Planning for Individuals
With rising interest rates, inflation, and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash...
As the end of the year approaches, the IRS advises taxpayers to take early steps to prepare for the 2025 tax filing season. This advice is part of the agency's "Get Ready" campaign.
The IRS has a suite of online tools designed to help people efficiently complete their obligations, a key component to helping them prepare early and ensure their returns are accurate.
Revenue Procedure 2024-40 provides detailed information about adjustments and changes to more than 60 tax provisions that will affect taxpayers when they file their returns in 2026.
The adjustments for the 2025 tax year apply to income tax returns that will be filed starting in the 2026 tax season. Key dollar amounts for tax year 2025 that will interest many taxpayers include the following:
Our experienced team of tax professionals understands the complexities of income tax preparation and is dedicated to guiding you through the process. With a personalized approach, we help you navigate US and international income tax laws, staying up to date with the latest changes.
With offices in Miami, Coral Gables, Aventura, and Fort Lauderdale, our CPAs are readily available to assist you with all your income tax planning and tax preparation needs. To learn more about our accounting firm services take a look at our individual tax services, business tax services, international tax services, expatriate tax services, SAP Business One, entity management, human capital, and audit and assurance services.
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