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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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Clean Vehicle & EV Charging Credits – 2025 Highlights
Under the Inflation Reduction Act, individuals can access valuable tax credits when purchasing new or used clean vehicles or installing residential charging equipment. Here's a breakdown of the key credits and how they apply in 2025.
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New 2025 IRS Pension Plan Limitations Announced
The IRS has released the updated Pension Plan Limitations for the 2025 Plan Year, including key adjustments that may impact your retirement planning strategy.
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2025 Health Savings Account (HSA) Contribution Limits
For clients enrolled in a High-Deductible Health Plan (HDHP), Health Savings Accounts (HSAs) remain a powerful tool for managing healthcare costs with tax advantages. The IRS has announced the updated HSA limits for tax year 2025:
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