Below are the descriptions of new provisions from the One Beautiful Bill Act, signed into law on July 4, 2025 that go into effect for 2025
Clean Vehicle CREDIT - Vehicle must be placed in service by September 30, 2025
Below are listed several of the Itemized Deductions percentage limitations for use on Form 1040 Federal Tax Return:
Definitions and IRS rules for contributions
IRS 1099-K Reporting 2025, 1099-MISC and 1099-NEC will use new $2000 reporting starting in 2026.
Here are the filing addresses to be used by Florida Residents for submission of Federal Tax Returns (Note that we will provide addresses for all clients in other States along with pre-addressed envelopes):
Required Annual Payment AND Underpayment Penalty
Key Federal Individual filing dates are listed here---NOTE: Business:--FL Sales Tax - Monthly remitters must pay by 20th of month following collection period. --Payroll Taxes are due on the 15th of the month following
Attention Rental Property Owners: 1099s are required for annual payments of $600 or more to individuals or partnerships.
The following numbers relate to various Social Security taxes. Also Social Security benefit and Medicare benefit outline.
Available from IRS, Identity Protection PIN Opt-In Program
Tax Scams
Payment Options
You wouldn't want to be in collections but in case you want to know--read the following info:
How long should you keep tax records? If your attic is getting filled up with old records, perhaps this will help.
Inflation Rate History based on the Annual Consumer Price Index (CPI)
Available Individual Tax Return statistics (Source: taxfoundation.org). Find out where you are in regard to average income--------------
Info on how to prevent Tax Return identity theft OR what to do in the case it has happened to you.
Several options are available that can significantly reduce interest charges over the life of a mortgage.
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