NEW for 2025-2028! That's $12,000 for married couples where both qualify! Phase-out starts at $75,000 (single) or $150,000 (joint).
PLUS the traditional senior deduction: Additional $2,000 (single) or $1,600 (married) if 65 or older
Waiters, bartenders, hairdressers, and others in tipped occupations can deduct up to $25,000 in tips. Available for both itemizers and non-itemizers.
Workers can deduct the "extra half" of time-and-a-half pay required by Fair Labor Standards Act. Effective 2025-2028.
401(k): $23,500 ($31,000 if 50+, $34,750 if 60-63!)
IRA: $7,000 ($8,000 if 50+)
New super catch-up for ages 60-63: $11,250 instead of $7,500!
Now $40,000 for 2025-2029 (up from $10,000). Homeowners in high-tax states can deduct more property and state income taxes. Phase-out for incomes over $500,000.
Deduct up to $10,000 in auto loan interest. Must be for new U.S.-assembled vehicle purchase (used don't qualify). Phase-out starts at $100,000 (single) or $200,000 (joint). 2025-2028 only.
Individual: $4,300 | Family: $8,550
Triple tax advantage: deductible, tax-free growth, tax-free for medical expenses. Plus $1,000 catch-up if 55+.
$2,200 per child under 17 with $1,700 refundable. Phase-out starts at $200,000 (single) or $400,000 (married). Made permanent by the Big Beautiful Bill!
Deduct 20% of qualified business income for pass-through entities. Made permanent! Can save $20,000+ for eligible businesses under income thresholds.
Single: $15,750
Married: $31,500
Head of Household: $23,625
With over 17 years of experience in financial auditing and regulatory compliance across federal agencies including the SBA, VA, and U.S. Customs, I bring enterprise-level tax expertise to individuals and small businesses at accessible prices.
My background includes managing complex audits and ensuring regulatory compliance. As a small business co-owner myself (Brushes & Scrolls LLC), I understand the challenges entrepreneurs face with taxes and compliance.
Now offering 100% virtual services nationwide through secure portals, video consultations, and e-signatures. Whether you're in Virginia or California, get professional tax services without leaving home.
Professional bookkeeping services will be available shortly.
Contact us to be notified when we launch.
Former SBA Senior Auditor with 5+ years performing federal internal control assessments. Full compliance with COSO Framework and GAO Green Book standards.
Contact us for a detailed consultation and proposal
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Email: vfa@valleyfinancialadvisorsllc.onmicrosoft.com
Location: Winchester, VA
(Serving clients nationwide virtually)