I am an accountant: 3 control tips that everyone should follow in 2025

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Tax seasons are just around the corner, and although there are no drastic overhaul in this tax year, it is still advisable to aware of the current deadlines, changes to the credits and deductions and the common reasons why their tax return could be rejected.

Gobankingrates spoke to Sherri Laudenlager, a CPA and experts with Turbotax, about the tax tips that they should follow this tax season.

Do you know the due dates this year

“An important object that you should take into account this time of year are tax area in the tax,” said Laudenlager. “This is important for every taxpayer, but is particularly important for small business owners.

“The first step for a business owner is to understand the company of their business,” she continued. “A limited liability company (LLC) can be one of four entity types, and this is determined by your state and your IRS registrations. Data due is different based on the entity type. “

Here are the tax data that individuals and business owners have to take into account for 2025:

• March 17: Due date for partnerships (Form 1065) and S company (form 1120-S). “Remember that the due date is generally the 15th day of the third month, unless the due date falls on a weekend,” said Laudenlager.
• April 15: Date date for C companies that work in a calendar year (Form 1120), sole proprietorship and LLCs with individual members (form 1040-attachment C).
• April 15: Date date for all personal tax returns (Form 1040).

Note the changes for tax year 2024

“Tax changes for 2024 mainly relate to increased limits based on the status of the taxpayer registration,” said Laudenslager.

Here are some limits that have changed for this tax year:

Increased standard deduction:

• Single and married: 14,600 US dollars ($ 750 increase)
• Married submission joint or qualified surviving spouse: $ 29,200 ($ 1,500 increased)
• Household board: $ 21,900 (increase of USD 1,100)
• Taxpayers who are from 65 or are blind increase the standard deduction as follows:
  • Single or head of the household: additional 1,950 USD
  • Married submission together or qualified surviving spouses: additional 1,550 USD

Income tax credit deserves: The maximum amount for 2024 is $ 7,830 for qualified taxpayers who have three or more qualified children, an increase of $ 7,430 for the tax year 2023. Income thresholds and exit expenses apply to the calculation of the taxable ETC.

Border rates:

• 37% for individual individual taxpayers with income of more than 609,350 USD ($ 731,200 for married couples who submit together)
• 35% for income over 243,725 USD ($ 487,450 for married couples who submit together)
• 32% for income over $ 191,950 ($ 383,900 for married couples who submit together)
• 24% for income over $ 100,525 ($ 201050 for married couples who submit together)
• 22% for income over $ 47,150 ($ 94,300 for married couples who submit together)
• 12% for income over $ 11,600 ($ 23,200 for married couples who submit together)
• 10% for income of individuals with income of $ 11,600 or less ($ 23,200 for married couples who submit together)

For a more comprehensive list of changes, Laudenlager recommended the IRS website.

Make sure you submit all the necessary forms

A frequent reason that your tax return is rejected if you submit electronically that you lack the form 8962, said Laudenlager.

“Form 8962 is required for all taxpayers who have a health insurance market for health insurance,” she said. “Form 8962 is required if the taxpayer, his spouse or everyone he claims as dependency is enrolled in this type of health insurance. Form 1095-A (summary of the health insurance market) summarizes important information about the coverage provided. “