Retirement Contribution Deductions
Increasing retirement savings not only builds your future but reduces taxable income: • 401(k) contributions was $23,500 for tax year 2025 and can reach $24,500 for tax year 2026. •…
Adoption Tax Credit
Adoption credits help parents offset qualified adoption expenses: • For 2025, the adoption tax credit amount remains at $17,280 per eligible child, with a partial refundable credit of $5,000. •…
Child and Dependent Care Tax Credit (CDCTC)
For the 2025 tax year, eligible taxpayers may claim credit for 20%-50% of qualifying care expenses (up to $3,000 for one dependent and $6,000 for two or more). For the…