01/18/2026
Let’s talk about your 2025 taxes. The rules changed, and understanding them now can help you keep more of your money when you file in 2026.
For 2025, the standard deduction increased for all filing statuses, reducing the income the IRS can tax. There is also a new additional deduction for adults 65 and older, which can significantly lower taxable income, though it phases out at higher income levels.
Workers may benefit from several new deductions, including certain tip income, qualified overtime pay, and interest on specific passenger vehicle loans taken out in 2025, all subject to dollar limits, income thresholds, and documentation requirements such as reporting the vehicle identification number.
The state and local tax (SALT) deduction cap rose from 10,000 dollars to as much as 40,000 dollars starting in 2025 for many taxpayers, with a phase‑down for very high earners. The Child Tax Credit increased to 2,200 dollars per qualifying child, and the 20 percent qualified business income deduction for many self‑employed individuals and small‑business owners was made permanent, with updated income thresholds.
Given these changes, set up an appointment with a qualified tax professional who can review your specific situation, estimate your 2025 liability, and help you plan before year‑end. Don’t guess—have a professional run your numbers so you can take full advantage of the new rules. Contact me @
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