Accounting Essentials

Annual inflation adjustments announced for tax year 2025 The IRS on Tuesday provided its annual inflation adjustments for over 60 tax provisions in tax year 2025, including increases in the standard deduction for married couples and single individuals.

The fastest way for you to get your tax refund is by filing electronically and choosing direct deposit.
Direct deposit gives you access to your refund faster than a paper check. Direct deposit also avoids the possibility that a refund check could be lost or stolen or returned to the IRS as undeliverable. www.irs.gov/directdeposit

The IRS has announced that tax filing season begins on January 24th.

The tax deadline will be April 18th.