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We pride ourselves on providing trusted advice and exceptional service. Handling your personal or business income tax, each financial situation is unique. Throughout the year, individuals and its commercial enterprises depends on Quick Tax Professionals to provide experience and reliable income tax preparation and filing. We offer other financial services that are designed to optimized fiscal security and provide peace of mind.
For the 2025 tax year, significant changes include increased standard deductions, updated tax brackets, and new tax credits, all of which can impact your filing strategy.
Key Updates for 2025
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Standard Deductions: The standard deduction has increased for 2025:
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Single Filers: $15,750
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Head of Household: $23,625
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Tax Brackets:
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Child Tax Credit:
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The Child Tax Credit has increased to $2,200 per child aged 17 or younger, with phase-out thresholds starting at $400.000 for joint filers and $200,000 for single filers.
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New Tax Deductions:
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The One Big Beautiful Bill Act introduced several new temporary tax deductions effective in 2025, including:
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Senior Tax Deduction: Up to $6,000 for single filers aged 65 and older, or $12,000 for qualified married couples.
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Tips Income Tax Deduction: Up to $25,000 of qualified tip income.
The tax filing deadline for individuals is April 15, 2026. Taxpayers can request an extension until
October 15, 2026. Additionally, estimated tax payments for 2025 will have specific due dates throughout the year.
