"SAI CPA Services’ 2024 Tax Guide: Key Tips for a Hassle-Free Filing"
Tax season is here, and ensuring a smooth filing process is crucial for avoiding penalties and maximizing your return. At SAI CPA Services , we help individuals and businesses navigate tax season with confidence. Here’s what you need to know for filing your 2024 tax return efficiently . Key Deadlines & Preparations 📌 Filing Deadline: April 15, 2025 – Mark your calendar to avoid late fees. 📌 Organize Documents: Gather W-2s, 1099s , receipts, and tax-related records in advance. 📌 Verify Accuracy: Ensure your details are correct to prevent IRS processing delays. Maximizing Deductions & Credits 💰 Standard Deduction Increase: The new deduction is $14,600 for individuals and $29,200 for married couples filing jointly . 👶 Child Tax Credit (CTC) Updates: Claim up to $2,000 per qualifying child , with phase-outs for higher incomes. 💼 Earned Income Tax Credit (EITC): Eligibility criteria have been updated—check i...