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Before you file your 2025 taxes, here are a few updates on tax credits that have changed and how they impact your tax situation:
โ
If youโre working and raising kids, the Earned Income Credit is higher again. You could get ๐๐ฝ ๐๐ผ $๐ด,๐ฌ๐ฐ๐ฒ ๐ฏ๐ฎ๐ฐ๐ธ (๐ง๐ฐ๐ณ ๐ง๐ข๐ฎ๐ช๐ญ๐ช๐ฆ๐ด ๐ธ๐ช๐ต๐ฉ ๐ต๐ฉ๐ณ๐ฆ๐ฆ ๐ฐ๐ณ ๐ฎ๐ฐ๐ณ๐ฆ ๐ฒ๐ถ๐ข๐ญ๐ช๐ง๐บ๐ช๐ฏ๐จ ๐ค๐ฉ๐ช๐ญ๐ฅ๐ณ๐ฆ๐ฏ).
โ
The Child Tax Credit is still worth ๐๐ฝ ๐๐ผ $๐ฎ,๐ฎ๐ฌ๐ฌ ๐ฝ๐ฒ๐ฟ ๐ฐ๐ต๐ถ๐น๐ฑ if your child is under 17 and lived with you most of the year ($1,700 ๐ฐ๐ง ๐ธ๐ฉ๐ช๐ค๐ฉ ๐ช๐ด ๐ณ๐ฆ๐ง๐ถ๐ฏ๐ฅ๐ข๐ฃ๐ญ๐ฆ).
โ
If you adopted a child, the adoption credit increased to $๐ญ๐ณ,๐ฎ๐ด๐ฌ ๐ฝ๐ฒ๐ฟ ๐พ๐๐ฎ๐น๐ถ๐ณ๐๐ถ๐ป๐ด ๐ฐ๐ต๐ถ๐น๐ฑ ($5,000 ๐ฐ๐ง ๐ธ๐ฉ๐ช๐ค๐ฉ ๐ช๐ด ๐ณ๐ฆ๐ง๐ถ๐ฏ๐ฅ๐ข๐ฃ๐ญ๐ฆ).
โ
If you help family financially or are planning ahead, you can give ๐๐ฝ ๐๐ผ $๐ญ๐ต,๐ฌ๐ฌ๐ฌ ๐ฝ๐ฒ๐ฟ ๐ฝ๐ฒ๐ฟ๐๐ผ๐ป in 2025 without extra tax issues. (๐๐ข๐ณ๐ณ๐ช๐ฆ๐ฅ ๐ค๐ฐ๐ถ๐ฑ๐ญ๐ฆ๐ด ๐ค๐ข๐ฏ "๐จ๐ช๐ง๐ต ๐ด๐ฑ๐ญ๐ช๐ต" -- ๐จ๐ช๐ท๐ฆ $๐ฏ๐ด,๐ฌ๐ฌ๐ฌ ๐ฑ๐ฆ๐ณ ๐ฑ๐ฆ๐ณ๐ด๐ฐ๐ฏ.)
Not sure which of these applies to you? Send us a DM and let's talk.
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Want tax season to be easier this year?
The IRS opens the 2026 tax filing season on ๐๐ฎ๐ป๐๐ฎ๐ฟ๐ ๐ฎ๐ฒ.
Hereโs what to do before then:
โ๏ธ Organize your tax documents
โ๏ธ Make sure your records are complete
โ๏ธ Review last yearโs return
โ๏ธ ๐๐ฟ๐ฎ๐ฏ ๐ฎ ๐๐ถ๐บ๐ฒ ๐ผ๐ป ๐บ๐ ๐ฐ๐ฎ๐น๐ฒ๐ป๐ฑ๐ฎ๐ฟ to get ahead of questions
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USPS's new rules about mail processing will affect the "postmarked by" date on your mail.
This article highlights some of the reasons this matters and how you can ensure you get the right postmarked date when it does.
USPS changes may delay postmark dates. What it means for your tax returns, ballots, bills and more
www.cnbc.com
Due to operational changes at the Postal Service, the agency says there will be more delays between when you mail something and when it gets postmarked.0 CommentsComment on Facebook
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