What’s Changing with Your Taxes in 2025? A Look at New Rules and the Big House Bill

Taxes in 2025

Taxes can feel like a maze, but Taxes in 2025 are bringing some clear updates—and a few wild cards—thanks to inflation adjustments and a bold new tax bill being hashed out in the U.S. House. Whether you’re filing as a single parent, a small business owner, or just trying to keep more of your paycheck, here’s a friendly breakdown of what’s set for 2025 and what’s being proposed in Congress. Let’s dive in!

What’s Already Happening in 2025

Every year, the IRS tweaks things like tax brackets and deductions to keep up with inflation, so your money doesn’t get eaten … Read the rest

A Columbus man was found guilty of filing false tax returns.

Overtime Ventures LLC

In a recent development, a Columbus man called Ali Kasimu Alston was found guilty of filing false tax returns, resulting in over $1 million in damages for the IRS. Alston, the proprietor of Overtime Ventures LLC, also known as Raining Cash Tax Service, pleaded guilty to the allegations during a court appearance.

Filing False Tax Returns
Filing False Tax Returns

The Scheme is Unveiled.

From 2015 until 2022, Alston routinely misrepresented his customers’ federal tax filings to maximize their refunds. One especially severe incident involved filing a return that showed losses for a non-existent home healthcare business, so drastically lowering the client’s … Read the rest

Decoding Mega Millions Windfall Taxation: What’s the Bill for Jackpot Triumph?

Hello, savvy readers, and welcome to the tax arena of the mega-rich! Today, we’re unraveling the intricate tapestry of tax obligations that befall the fortunate victors of the illustrious Mega Millions lottery. Brace yourselves, for the road to wealth is paved with tax burdens, and we’re here to light the way. Let’s look at the Mega Millions Windfall Taxation.

Unearthing the Goldmine, One Tax Form at a Time

You’ve clinched the Mega Millions jackpot – the dream of countless hopefuls. Yet, beneath the veneer of luxury and glamour lies a complex tax landscape that every victor must navigate. With your … Read the rest

A Guide to Maximizing Deductions and Credits with TurboTax

Frustrated with trying to maximize deductions and credits with TurboTax on your taxes? Let TurboTax guide you perfectly through the process!

Maximizing deductions and credits on your taxes can be a daunting but rewarding task. Fortunately, TurboTax can help you quickly determine which deductions and credits you qualify for, calculate your tax return accurately, and maximize your tax savings in the most efficient way possible.

Determine Your Eligibility for Tax Credits.

Before you can maximize your deductions and credits, you need to determine which available tax credits, if any, you are eligible for. TurboTax makes it easy and fast to … Read the rest

Published
Categorized as TurboTax

Publications for Filing Your Taxes This Year

The tax filing season is upon us! Are you preparing to file your taxes? Look to these IRS Publications for Filing your taxes this year.

Taxpayers should review two IRS publications available on IRS.gov that can help them be ready and keep organized with tax planning recommendations for the entire year. “Stay Smart About Taxes” and “Your Guide to Free Tax Filing.” Individuals and families who haven’t already done so should start gathering their documents and other papers they’ll need to complete their federal tax return for 2021 as soon as possible.

Publications for Filing
Publications for Filing

People who are preparing their … Read the rest