Taxes Are Different This Year – What Filers Should Know

Taxes Are Different This Year – What Filers Should Know

You May Get a Bigger Deduction

– Single filers: $15,000 – Married filing jointly: $30,000 This increase helps lower your taxable income.

Updated Brackets Could Mean Lower Taxes

Income thresholds have shifted slightly, possibly putting you in a lower bracket. This can reduce how much you owe.

More Support for Families

The Child Tax Credit stays at $2,000, but the refundable portion increases to $1,700—offering more value to eligible families.

Selling Online? You May Get a 1099-K

If you received over $5,000 through payment apps, you may receive a 1099-K and need to report it.

Filing Made Easy with Expert Help

With all these changes, tax filing can get tricky. Jarrar & Associates CPA is here to help you navigate the new rules and maximize your refund. Contact us today!