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A New Year, a New Chapter: Dante Tax Service Rings in 2026 with You! As the champagne pops and fireworks paint the sky, we at Dante Tax Service raise a toast to you, our valued clients. As we turn the page on another year, we’re filled with gratitude for your continued trust and partnership. You’ve made 2025 a remarkable journey, and we wouldn’t be here without you. The new year stretches before us like an untrodden path, full of potential … Continue reading “Happy New Years 2026, from Dante Tax Service”

To claim the Earned Income Tax Credit (EITC), you must have what qualifies as earned income and meet certain adjusted gross income (AGI) and credit limits for the current, previous and upcoming tax years. Use the EITC tables to look up maximum credit amounts by tax year. If you are unsure if you can claim the EITC, use the EITC Qualification Assistant. Earned income Earned income includes all the taxable income and wages you get from working for someone else, yourself or from … Continue reading “Earned Income Tax Credit (EITC) tables 2025”

The Child Tax Credit is worth up to $2,200 per qualifying child. If you have little or no federal income tax liability, you may qualify for the Additional Child Tax Credit, up to $1,700 per qualifying child depending on your income. You must have earned income of at least $2,500 to be eligible for the ACTC. You qualify for the full amount of the Child Tax Credit for each qualifying child if you meet all eligibility factors and your annual … Continue reading “CHILD TAX CREDIT: Up to $2,200 per qualifying dependent child up to 16 years old on Dec. 31, 2025”

For taxable year 2025, The state and local tax deduction limitation is increased to $40,000.  

The OB3 Act adds new (§)225 to provide a deduction for an individual’s qualified overtime compensation up to $12,500 for singles and $25,000 on a join return. The deduction reduces taxable income. Please, bring your last paystub of year 2025 that match the total wages on your W2 Form.

The Child Tax Credit helps families with qualifying children get a tax break. You may be able to claim the credit even if you don’t normally file a tax return. Who qualifies You can claim the Child Tax Credit for each qualifying child who has a Social Security number that is valid for employment in the United States. To be a qualifying child for the 2024 tax year, your dependent generally must: Be under 17 at the end of the … Continue reading “Child Tax Credit 2024”

To claim the Earned Income Tax Credit (EITC), you must have what qualifies as earned income and meet certain adjusted gross income (AGI) and credit limits for the current, previous and upcoming tax years. Use the EITC tables to look up maximum credit amounts by tax year. If you are unsure if you can claim the EITC, use the EITC Qualification Assistant. Earned income Earned income includes all the taxable income and wages you get from working for someone else, yourself or from … Continue reading “Earned Income Tax Credit (EITC) tables 2024”

A New Year, a New Chapter: Dante Tax Service Rings in 2025 with You! As the champagne pops and fireworks paint the sky, we at Dante Tax Service raise a toast to you, our valued clients. As we turn the page on another year, we’re filled with gratitude for your continued trust and partnership. You’ve made 2024 a remarkable journey, and we wouldn’t be here without you. The new year stretches before us like an untrodden path, full of potential … Continue reading “Happy New Years 2025, from Dante Tax Services”