New Tax Laws for Tax Year 2025
We keep you informed of the most important changes:
2025 Tax Brackets
10%, 12%, 22%, 24%, 32%, 35% and 37%.
Standard Deduction
Single and Married Filing Separately - $15,750
We keep you informed of the most important changes:
2025 Tax Brackets
10%, 12%, 22%, 24%, 32%, 35% and 37%.
Standard Deduction
Single and Married Filing Separately - $15,750
Married Filing Jointly & Surviving Spouse - $31,500
Head of Household - $23,625
Earned Income Tax Credit (EITC)
3+ Children - up to $8,046
3+ Children - up to $8,046
2 children - up to $7,152
1 child - up to $4,328
No children - up to $649
Child Tax Credit
Up to $2,200 for each qualifying child under 17
Child Tax Credit
Up to $2,200 for each qualifying child under 17
Other dependent Credit: Up to $500
Child & Dependent Care Credit
Nonrefundable Credit $1,050 max ($2,100 for 2+ kids)
American Opportunity Tax Credit
Refundable Credit $2,500 max
Lifetime Learning Credit
Up to $2,000 per return (Nonrefundable Credit)
Student Loan Interest Deduction
Up to $2,500
Business Mileage
70 cents per mile
Child & Dependent Care Credit
Nonrefundable Credit $1,050 max ($2,100 for 2+ kids)
American Opportunity Tax Credit
Refundable Credit $2,500 max
Lifetime Learning Credit
Up to $2,000 per return (Nonrefundable Credit)
Student Loan Interest Deduction
Up to $2,500
Business Mileage
70 cents per mile