Changes made to Tax Laws
Learn about the changes made to tax laws and what changed about them,
How Tax Reform Will Help Main Street Job Creators Nationwide
shermantaxfinancials@gmail.com Facebook-f Instagram How Tax Reform Will Help Main Street Job Creators Nationwide Facebook Twitter Google-plus With mind-numbing complexity, today’s broken tax code can make it incredibly difficult for our nation’s small- and medium-sized businesses to succeed, grow, and create jobs in our communities. Here’s how the Tax Cuts and Jobs Act will lift these […]
How Tax Reform Helps Middle-Class Americans Throughout Their Lives
The Tax Cuts and Jobs Act is focused on improving the lives of all Americans – especially the middle-class – by delivering more jobs, fairer taxes, and bigger paychecks. Here’s how the Tax Cuts and Jobs Act will help middle-class Americans and their families throughout their lives.
Federal Shutdown means Tax Refund Delay
The Social Security Administration announced a 2.5% cost-of-living adjustment for 2025. Starting in January, the average monthly Social Security benefit will increase to $1,957. Additionally, about 7.5 million Supplemental Security Income recipients will see their increase starting December 31, 2024.
The AMT exemption amount for 2025 is $88,100 for singles and $137,000 for married couples filing jointly.
The maximum earned income tax credit (EITC) in 2025 for single and joint filers is $649 if the filer has no children. The maximum credit is $4,328 for one child, $7,152 for two children, and $8,046 for three or more children.
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