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Work Opportunity Tax Credit (WOTC) – Available Through 2025
The Work Opportunity Tax Credit (WOTC) is a valuable federal income tax credit available to employers who hire individuals from targeted groups that have historically faced barriers to employment.
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2025 Child Tax Credit (CTC) – What to Know
The Child Tax Credit (CTC) provides meaningful tax relief to families with dependent children. While potential legislative changes are still under discussion, as of now, the 2025 Child Tax Credit remains as follows under current law.
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Fringe Benefit & FSA Updates for 2025
The IRS has announced inflation-adjusted limits for employer-provided fringe benefits and flexible spending arrangements for tax year 2025.
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2025 Standard Mileage Rates – Deduct Vehicle Use
If you use your vehicle for business, charitable, medical, or (for military) moving purposes, you may be eligible to deduct your mileage using IRS standard rates.
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American Opportunity Tax Credit (AOTC)
The American Opportunity Tax Credit (AOTC) provides valuable tax relief for families paying for higher education. It applies to qualified education expenses for an eligible student’s first four years of post-secondary education.
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2025 Estate & Gift Tax Exclusions
The IRS has announced increases to both the estate tax basic exclusion amount and the annual gift tax exclusion for 2025, reflecting inflation adjustments.
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