Tax Preparer, Individual Income Tax (Form 1040), TY2025 (EA/CPA) — Micro1 | $50–$75/hr | Remote #remotejobs #aitraining - AI Training Job

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@ovadnevaite.bsky.social @dnganga.bsky.social @uniofgalway.bsky.social

Given the uncertainty of inflation and the markets, it may be a good year to reduce your federal tax withholdings for TY2025. This will free up some cash for your use, instead of lending those funds to a government with a distressed credit risk rating and tenuous sovereign risk.

#bostonharbor

I'm leaving this prediction here:

A rough-and-dirty estimate for my TY2025 income taxes shows I will have over-withheld $1,835.

Let's see how close I get to that number.

Note: Hopefully I can bring in more income and reduce that amount!

What happens to the Lifetime Learning Credit if the Department of Education is abolished? #TY2025

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And just like the last time @drmitchpdx.bsky.social got the data wrong, you/they do it again. CPI went up by 15.8% from 2021 to 2025. Adjusted for inflation, tax revenues in TY2025 from the "whales" were $114.4 million, still a 28% drop from TY2021.

When he raised the standard deduction, fewer middle class itemized because they didn't have (i.e. for TY2025) more than $29.2k in deductions.

Adding an extra $1500 of deductions will not help middle class.

It's the first day U.S. taxpayers can file their returns with the IRS and many state and local governments, even though most have yet to receive the 1099 forms they need to do so.

The @wsj has a write-up about some of the tax code changes for TY2025, including a higher SALT deduction - an […]

www.tiktok.com/t/ZP8ys4Wcg/