Major tax revisions only come once in a decade—and this one brings opportunities for nearly every taxpayer segment. Opportunity peaks the first year these new laws are in effect - use this time to strengthen client relationships and attract new ones.

Here’s a snapshot of what’s changing:

☑️ FAMILIES

• Child Tax Credit & Dependent Care Credits Increased

• Standard Deduction Increased

☑️ RETIREES (65+)

• Additional Deduction Added on Top of Standard Deduction

☑️ HOMEOWNERS

• SALT Deduction Increased (from $10K → $40K)

• Mortgage Insurance Premiums Now Deductible

☑️ HOSPITALITY WORKERS

• New Deduction for Tip Income

• 68 Occupations Qualify for the Tip Deduction

☑️ OVERTIME PAY

• New Deduction for Overtime Pay

☑️ AUTO DEDUCTIONS & CREDITS

• Deduction for Car Interest Expense—No Itemizing Required

• EV Credit Phaseout Begins