Standard Deductions
For the 2025 tax year, the standard deduction amounts had significantly increased: • $15,750 – Single filers and Married Filing Separately- Increased to $16,100 for tax year 2026.• $31,500 –…
Organizing Your Tax Records
1. Organize Your Tax Records FirstBefore you file, gather all key documents:• W-2s from employers• 1099s (1099-NEC, 1099-MISC, 1099-INT, 1099-DIV, 1099-DA for digital assets)• Records of unemployment compensation, retirement distributions,…