Crypto & Digital Asset Reporting
Income or gains from digital assets not reported on a 1099 still must be reported. The IRS continues to focus on compliance for crypto transactions. Keep detailed purchase and sale…
Senior Tax Benefits
In 2025, taxpayers age 65+ can claim an additional senior deduction (e.g., $6,000 for single seniors, $12,000 for Married Filing Jointly), on top of the standard deduction — a potential…
Educational Tax Benefits
• American Opportunity Tax Credit offers up to $2,500 per eligible student for the first four years of undergraduate higher education, with up to $1,000 being refundable and subject to…