As we begin the 2025 tax season, TAN Financial Services is excited to partner with you once again to ensure a smooth, accurate, and maximized filing experience. Several important tax law updates take effect for the 2025 tax year, and many of them offer meaningful opportunities for savings. Our team is here to help you take full advantage of every benefit available.
Key 2025 Tax Changes for Individuals
- Higher standard deductions: Standard deduction amounts have increased to $31,500 for married couples filing jointly, $15,750 for single filers, and $23,625 for heads of household.
- New exclusions for tips and overtime: Qualified overtime income is exempt up to $12,500 (or $25,000 for joint filers), and tips are exempt up to $25,000, with phaseouts beginning at $150,000 of income (or $300,000 for joint filers).
- Additional deduction for seniors: Taxpayers age 65 and older may claim an extra $6,000 deduction ($12,000 for qualifying couples), available from 2025–2028 regardless of whether you itemize.
- Higher SALT deduction cap: The state and local tax deduction cap has been temporarily raised to $40,000 for most filers, which may make itemizing more beneficial for some households.
- Energy‑related credits ending: Credits for energy‑efficient home improvements and certain electric vehicle purchases will sunset after 2025 or after September 30, 2025, depending on the credit.
These changes may create new opportunities to reduce your taxable income or increase your refund. If you would like to schedule an appointment, please request within your portal account.
Client Portal Access
For secure document uploads, appointment scheduling, and real‑time updates, please use our client portal. Please upload documents as you receive them, this will streamline your preparation process.
https://tanfs.securefilepro.com/portal/#/login
$25 Referral Program
We appreciate your trust in TAN Financial Services. As a reminder, for every new client you refer who completes a tax return with us, you’ll receive a $25 referral credit. There is no limit—refer as many friends and family members as you’d like.
Let’s Get Started
We encourage you to gather your tax documents early and reach out with any questions. Our team looks forward to supporting you through a successful 2025 filing season.