Yahweh Tax Solution

12/29/2024

Stay Protected Against Tax Fraud;
Get an Identity Protection Personal Identification Number (IP PIN)
An IP PIN is a six-digit number that prevents someone else from filing a federal tax return using an individual’s Social Security number or Individual Taxpayer Identification Number. It’s a vital tool for ensuring the safety of taxpayers’ personal and financial information.

New for the 2025 filing season, the IRS will accept Forms 1040, 1040-NR, and 1040-SS even if a dependent has already been claimed on a previously filed return, as long as the primary taxpayer on the second return includes a valid IP PIN. This change will reduce the time for the agency to receive the tax return and accelerate the issuance of tax refunds for those with duplicate dependent returns.

Call now to connect with business.

12/29/2024

Business TAX Update:

Beginning Jan. 1, 2025, the standard mileage rates for the use of a car, van, pickup, or panel truck will be:

70 cents per mile driven for business use, up 3 cents from 2024.
21 cents per mile driven for medical purposes, as in 2024.
21 cents per mile driven for moving purposes for qualified active-duty members of the Armed Forces, unchanged from last year.
14 cents per mile driven in service of charitable organizations.

12/29/2024

IRS Website Limited account services due to planned maintenance

Payments made Dec. 26, 2024 - Jan. 17, 2025 will process normally but may take longer to show as “Processed”. Updated balances and payment activity will be available the week of Jan. 20, 2025.

The ability to create or modify a payment plan online will not be available 8 a.m. ET, Dec. 19, 2024 – 7 a.m. ET, Jan. 13, 2025.

12/29/2024

In 2024, there was a cost of living increase (COLA) of 3.2%. Starting in January 2025, almost 68 million people who get Social Security will receive an increase of 2.5%. Additionally, around 7.5 million people who receive SSI will see higher payments starting on December 31, 2024.

12/28/2024

What exciting plans do you have for your tax refund? How are you planning to invest this unexpected windfall? Let's explore some smart options!

12/28/2024

🚨🚨 **W2s Are Dropping Soon!** 🚨🚨
Attention all employees! Your ADP W2s will be mailed no later than January 31st! 📅
If your employer has given you online access, you can get ahead of the game and access your pay statements and W-2s today at **(http://login.adp.com)**. Why wait? Tax Loan Available Jan 2
✅ **Stay informed & plan your taxes early!**

12/28/2024

Another CTA update: (BOI)

Part of the December 23 order was also the granting of the motion to expedite the appeal. As of December 27, briefs are now due in February and the case is calendared for oral arguments on March 25, 2025.

If this sounds confusing, it’s because there are several moving parts. The injunction was preliminary—the merits of the case have not been heard in the Fifth Circuit yet. That’s what’s moving through the system now.

(And remember that cases are still pending in other courts.)

12/24/2024

🚨🚨In light of the 📅 December 23, 2024, decision by the federal ⚖️ Court of Appeals, reporting 🏢 companies are once again mandated to file 📝 Beneficial Ownership Information (BOI) Reports with the 💰 Financial Crimes Enforcement Network (FinCEN). The deadline for reporting companies to submit these BOI reports, initially set for 📅 January 1, 2025, has now been extended to 📅 January 13, 2025. Don't wait until the last minute! Start your BOI report today with Yahweh Tax Solution to ensure you can easily meet the extended deadline.

12/12/2024

🚨Great news: You don’t have to file the BOI Report anymore!

Say goodbye to the stress of penalties and compliance headaches.

A recent court ruling has BLOCKED this requirement nationwide

12/10/2024

🚨PSA🚨Find the maximum AGI, investment income and credit amounts for tax year 2025.

Children or relatives claimed Filing as single, head of household, married filing separately or widowed Filing as married filing jointly
Zero $19,104 $26,214
One $50,434 $57,554
Two $57,310 $64,430
Three $61,555 $68,675
Investment income limit: $11,950 or less

​​Maximum credit amounts

The maximum amount of credit:

No qualifying children: $649
1 qualifying child: $4,328
2 qualifying children: $7,152
3 or more qualifying children: $8,046

Adoption credits. For tax year 2025, the maximum credit allowed for an adoption of a child with special needs is the amount of qualified adoption expenses up to $17,280, increased from $16,810 for tax year 2024.

Earned income tax credits. For qualifying taxpayers who have three or more qualifying children, the tax year 2025 maximum Earned Income Tax Credit amount is $8,046, an increase from $7,830 for tax year 2024. The revenue procedure contains a table providing maximum EITC amount for other categories, income thresholds and phase-outs.

12/10/2024

Welcome to Yahweh Tax Solutions: Your Prosperous Tax Season 2025 Begins Here!

Greetings, valued clients!

At Yahweh Tax Solutions, we are thrilled to welcome you to a prosperous and rewarding Tax Season 2025. We are here to make the process seamless, maximize your refunds, and ensure you take advantage of every benefit you deserve.

This year, we’re excited to announce:
✅ Child Tax Credit: Maximize your refund with credits for your family. Let us help you claim what’s rightfully yours.
✅ Tax Loans: Starting January 2, 2025, take advantage of our same-day tax loan options—get up to $6,000 to cover what matters most, even before your refund arrives.

Your success is our priority, and we’re committed to providing exceptional service, accuracy, and peace of mind. Schedule your appointment today and let us help you take the stress out of tax season!

📅 Book your appointment: Call or Text
📞 Contact us: 561-978-7718

Here’s to a fruitful 2025 tax season! Thank you for trusting Yahweh Tax Solutions with your financial success.

We look forward to serving you!
Yahweh Tax Solutions—Where Prosperity Meets Integrity.

12/03/2024

1099-K reporting threshold changes

The IRS has eliminated the minimum transaction requirement. But, the income threshold has only been reduced to $5,000—it will drop to $600 in 2026.