$6,000 Temporary Deduction for Seniors
Seniors 65+ get an extra $6,000 deduction (2025–2028). Couples where both are 65+ can claim $12,000. Phase-out above $75K
Child Tax Credit Update
Child tax credit rises to $2,200 per child under 17, adjusted for inflation. Refundable portion now $1,700. Phase-out starts at 75K
Standard Deduction Increase
Standard deduction now permanent: $15,750 (single), $23,650 (HOH), $31,500 (MFJ). These amounts adjust for inflation. Eliminated are personal exemptions for yourself, spouse, and dependents.
1099s
The IRS is intensifying compliance pressure on businesses and property owners. Learn critical filing deadlines, penalties, and reporting requirements for 1099s and 1099-Misc forms, plus essential mailing information for Minnesota filers.
W-2s
If you paid wages to employees, you must file W-2s by January 31st. Discover critical filing deadlines, proper mailing procedures, e-filing options, and Minnesota-specific requirements to ensure compliance and avoid penalties.
Privacy Policy
Overview Deziel’s Tax Service (“we,” “us,” or “our”) respects your privacy and is committed to protecting the personal information you share when you use our website, client portal, and tax preparation services. This Privacy Policy explains what information we collect, how we use it, and how we safeguard it. Information we collect We collect information […]