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How Much Is Your Standard Deduction?
How Much Is Your Standard Deduction?
Most taxpayers take the standard deduction, but the amount varies based on your age, filing status, and blindness. Knowing your specific deduction amount is the first step in deciding whether to itemize expenses or file simply. Use the official IRS assistant below to calculate your deduction in about 5 minutes.
"This button takes you to the official IRS website for a secure eligibility check."
Book Appointment above and we will make sure it is applied correctly to your tax return.
Earned Income Tax Credit (EITC)
Earned Income Tax Credit (EITC)
Up to $7,430
The Earned Income Tax Credit (EITC) is a federal tax break designed to support low-to-moderate income workers and families. Even if you do not owe any tax, you may still qualify for a significant refund. We encourage every client to check their eligibility, as rules change every year.
"This button takes you to the official IRS website for a secure eligibility check."
Good news? If the tool says you qualify, click 'Book Appointment' above and we will make sure it is applied correctly to your tax return.
Get Up to $2,000 Off Your State Taxes While Saving for College
Get Up to $2,000 Off Your State Taxes While Saving for College
Did you know Indiana offers one of the best tax credits in the country for education savings? By contributing to an Indiana529 Direct Savings Plan, you can receive a 20% state tax credit on your contributions.
Do You Qualify for the Child Tax Credit?
Do You Qualify for the Child Tax Credit?
Up to $2,200 per child
To qualify for the 2025 Child Tax Credit (up to $2,200/child), your child must be under 17, have a valid SSN, and live with you for more than half the year. If you don't meet these rules, you may still qualify for the $500 Credit for Other Dependents. Check your eligibility instantly below.
If you claim the Additional Child Tax Credit (ACTC) or EITC, the IRS cannot issue your refund before mid-February.
Key Benefits
American Opportunity Credit: up to $2,500 per student
Lifetime Learning Credit: up to $2,000 per return
40% of American Opportunity Credit may be refundable
Education Credits
Education Credits
Up to $2,500
Credits for qualified education expenses including the American Opportunity Credit and Lifetime Learning Credit.
Eligibility Requirements
Must pay qualified education expenses for eligible students
Student must be enrolled at eligible educational institution
Income limits apply
Cannot claim both credits for the same student in same year
Clean Vehicle & Home Energy Credits
Clean Vehicle & Home Energy Credits
Did you purchase an electric vehicle or install solar panels in 2025? You may be eligible for a significant tax break. The Clean Vehicle Credit offers up to $7,500 for new EVs and $4,000 for used ones (if purchased before Sept 30, 2025). Homeowners can also claim up to $3,200 annually for energy-efficient upgrades like heat pumps, windows, and insulation.
Vehicle credits apply only to qualified cars purchased before the legislative deadline (Sept 30, 2025). Please have your purchase date and VIN ready when we meet.
Retirement Contribution Limits
Retirement Contribution Limits
Contributing to a retirement plan is one of the most effective ways to lower your taxable income while securing your future. Whether you have a 401(k), Traditional IRA, or Roth IRA, the IRS sets specific limits on how much you can invest each year. These limits adjust for inflation, so it is important to know the current maximums to maximize your tax deduction.
Child and Dependent Care Credit information
Child and Dependent Care Credit information
Up to $3,000
Credit for expenses paid for the care of qualifying children or disabled dependents.
Eligibility Requirements
Care must be for qualifying child under 13 or disabled dependent
Care expenses must be work-related
You must have earned income
Must file joint return if married
Key Benefits
Credit rate ranges from 20% to 35% of expenses
Maximum expenses: $3,000 for one child, $6,000 for two or more
Reduces tax liability
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