Tax laws change frequently, and recent adjustments may affect your tax return this year. Polaris Tax & Accounting stays on top of these updates, so you don’t have to worry about surprises. Here are a few recent changes to keep in mind.
Notable Tax Law Changes
- Increased Standard Deduction
- Recent changes raised the standard deduction, which may impact your eligibility for itemizing deductions. Our team will help you decide the best option for your filing.
- Child Tax Credit Adjustments
- The Child Tax Credit has seen several updates. Polaris helps ensure you claim the full amount you’re entitled to, maximizing potential savings.
- Business Expense Adjustments
- Recent changes affect business deductions like meals and transportation. We help business owners navigate these changes for accurate deductions.
Keeping up with tax changes is challenging, but Polaris makes it easy by staying updated on every change that could impact your tax preparation. Schedule a consultation to ensure your return reflects every eligible adjustment and credit.