Time for Another Busy Season…

It is expected to be a busy one with the passing of the OBBBA (I refuse to refer to it as “beautiful”) which will have a major effect on most of my clientele’s taxes, most commonly with the increased deduction for state and local taxes. It was only $ 10,000 and now for 2025 it will be $ 40,000, which means a lot more people will be able to itemize instead of taking the standard deduction and ultimately save more on their federal taxes. Hopefully I’ll have many more happy clients this year with higher refunds, but you never know…