Tax season is around the corner. Here’s what you need to know…
We’ve packed this blog with all the resources you’ll need for tax season, including critical updates on law and regulation changes, important information about data security, event reminders, form links, and much more…
Must-have Tax Season Resources
Here we’ve compiled everything you’ll need to complete your tax return with us, including steps to submitting your documents, access to forms, and contact information. Click one of these links for more information…
- All Tax Season Resources
- Client Information and Portal Information
- Flexible Options (Digital, Drop Off, or Appointment)
- All Forms (Worksheets, Engagement Letter, Questionnaires, & More)
- FAQs & Resources
- Office Hours & Directions
- Need an extension?
Hot Topics/ Regulation Changes
All previous tax legislation passed in the last seven years is scheduled to sunset on 12/31/2025. This means that although there were not any major changes in 2024, this coming year is the last year to take advantage of the substantial tax cuts provided until the end of 2025. We recommend that you review our blog (see link below) on the tax legislation passed in 2023, so that you can maximize these opportunities now before wide-sweeping changes in 2026. Here are the most important changes that you can still consider for this tax season…
- Energy efficient home improvement credits
- Electric vehicle tax credits
- Student loan interest adjustments
- RMD age changing
- New reporting requirements for 1099-K
- IRS increases mileage rate – Note: In 2024, the rate increased from 65.5 cents to 67 cents per mile driven for business use.
Click here to read more in our “2023 Tax Year in Review” blog.
Common Mistakes in Tax Returns
“Making mistakes can be very costly. In terms of missed deductions or triggering an IRS letter or audit; a tax professional can help eliminate errors and ensure your returns are prepared correctly.” Here are the most common mistakes on tax returns…
- Missing or inaccurate information
- Filing too early
- Figuring credits or deductions
- Incorrect bank account numbers
- Unsigned forms
- Incorrect filing status
- Paper filing instead of filing electronically
Click here to read more in our “7 Common Errors on Tax Returns and Their Implications” blog.
Have a complex tax situation that you fear may lead to a mistake on your return? Click here to read more in our “9 Complex Tax Situations” blog.
Click here to learn more about our tax planning and preparations services.
Or click here to contact us with any questions you have.
Blog by Kim Storen, EA – Senior Tax Accountant
Learn more about Kim and the rest of the Storen Financial team here.