Petersburg Tax Prep & Business Services, LC

Petersburg Tax Prep & Business Services, LC Petersburg Tax Prep offers income tax preparation, payroll services, business startup, and general accounting and bookkeeping services.

12/11/2025

🔥 2025 Income Tax Changes!

Here’s what’s new for 2025:

💵 Tip Income Deduction — Up to $25,000
Great for servers, bartenders, stylists, and service workers.

⏱️ Overtime Deduction — $12,500 / $25,000
If you worked extra hours, this new deduction can lower your taxable income.

📈 Higher Standard Deductions
Everyone starts with a bigger automatic deduction this year.

👵 New Senior Bonus Deduction — $6,000 / $12,000
If you’re 65 or older, you now get an additional:

$6,000 deduction if you file single

$12,000 if both spouses are 65+ and file jointly
This is on top of the regular senior standard-deduction increase.

🏡 SALT Deduction Cap Raised to $40,000
More room for state and local tax write-offs.

🚗 West Virginia Vehicle Owners: Don’t Miss This 2025 Tax Credit!

WV will continue offering the Motor Vehicle Property Tax Adjustment Credit on 2025 state tax returns (filed in 2026).

If you pay your vehicle property taxes on time, you may get a refundable credit—meaning money back even if you don’t owe WV income tax.

Keep your payment receipts and watch for your MV-1 letter before filing.

Get back what you paid in vehicle taxes!

👉 Need help maximizing your refund? We’re here for you.
📞 Message us or call to schedule your 2025 tax appointment.

Address

411 Virginia Avenue Ste A
Petersburg, WV
26847

Opening Hours

Monday 10am - 8pm
Tuesday 10am - 8pm
Wednesday 10am - 8pm
Thursday 10am - 8pm
Friday 10am - 8pm
Saturday 8am - 3pm

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