Valuable Resouces
for Tax Year 2025
Explore our collection of up-to-date tax guides and financial reference materials designed to help individuals and businesses make informed decisions year-round. Each downloadable brochure offers reliable information on current tax laws, deductions, credits, and planning strategies.
Tax Topics for all Individuals
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Outlines 2025 tax law changes under the OBBBA (H.R. 1), including higher standard deductions, updated Child and Adoption Credits, revised SALT limits, and new deductions for tips, overtime, and vehicle interest. Includes an introduction to future provisions effective in 2026. An essential summary of IRS updates for taxpayers and small-business owners.
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A concise reference guide to 2025 federal tax data, summarizing tax rate schedules, standard and senior deductions, child and other dependent tax credits, social security limits, automobile standard mileage rates, retirement plan limits, education tax benefit thresholds, and capital gains rates. A handy reference tool for taxpayers for tax planning.
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Details 2025 standard deduction amounts and itemized deduction rules, all updated for the OBBBA new tax provisions. Review of itemized deduction limitations covering medical expenses, SALT (state and local taxes), interest, charitable donations and so on. A practical guide to choosing the most beneficial deduction method.
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Explains 2025 education tax credits, deductions, and savings options, including the American Opportunity Credit, Lifetime Learning Credit, and student loan interest deduction. Covers penalty-free IRA withdrawals, 529 and Coverdell education savings plans, and income exclusions for scholarships and employer assistance. A clear guide to maximizing education-related tax savings.
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Explains how to exclude gain from the sale of your home, including the $250,000 ($500,000 joint) exclusion rules for ownership, use, and timing. Covers special cases for surviving spouses, divorce, inherited property, and partial exclusions due to job change, health, or unforeseen events. A clear 2025 guide to IRS home sale tax exclusions.
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Explains what qualifies as a charitable organization for tax purposes, with examples of groups that do and don’t meet IRS requirements. Covers which types of donations are deductible, AGI limits, and special rules for vehicle donations. Ideal for anyone seeking to maximize charitable deductions.
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A warning to taxpayers about common IRS-related scams and how to avoid them. It explains how criminals impersonate the IRS through phone calls, texts, and phishing emails to steal money or personal information.
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Explains which tax records to keep, including income documents, deductions, assets, charitable contributions, and proof of payment. Covers IRS record retention rules, electronic record options, and penalties for missing documentation. A practical guide to organized, tax compliant recordkeeping.
Tax Topics for Investors
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Explains 2025 capital gain and loss rules, including short- and long-term holding periods, investment property definitions, and cost basis methods for stocks and mutual funds. Details current long-term capital gain tax rates, loss limitations, wash sale rules, and reporting requirements. A clear guide to calculating and minimizing capital gains tax.
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Defines what individual retirement accounts (IRAs) and annuities are in general terms, and explains the key differences between Traditional and Roth IRAs. Describes the various ways IRAs can be held — directly by individuals or through employer arrangements such as SEP and SIMPLE plans. Also outlines prohibited transactions and investments that can disqualify an IRA.
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Summarizes 2025 Traditional IRA rules, including contribution limits, deduction eligibility, income phaseouts, and required minimum distributions. A concise guide to maximizing tax-deferred retirement savings and avoiding common IRA penalties.
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Explains 2025 Roth IRA rules and contribution limits, including eligibility phaseouts, conversion rules, and qualified distribution requirements. Covers tax-free growth, withdrawal order, and differences from traditional IRAs. A clear guide to maximizing Roth IRA benefits and avoiding early withdrawal penalties.
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Explains how high-income earners can bypass Roth IRA contribution limits through conversions, including backdoor Roth strategies using nondeductible traditional IRAs. Discusses tax treatment of conversions, and the pro-rata rule requiring aggregation of all IRA balances to determine taxable amounts. A concise guide to tax-efficient Roth conversions for investors exceeding Roth income phaseouts.
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Outlines retirement savings options and contribution limits for traditional, Roth, SEP, and SIMPLE IRAs, as well as 401(k) and 403(b) plans. A practical guide to maximizing tax-advantaged retirement contributions.
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Summarizes IRS rules for taxing digital assets, including cryptocurrency, NFTs, and other blockchain-based property. Covers taxable events like sales, exchanges, mining, staking, and airdrops, plus fair market value reporting and capital gains treatment. A concise 2025 guide to cryptocurrency and digital asset tax compliance.
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Outlines IRS rules for rental income and deductions, including advance rent, tenant payments, depreciation, repairs, and mixed-use property expense allocation.
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Helpful recordkeeping worksheet for landlords, tracking rental income, deductions and assets.
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Explains 2025 IRS rules for 1031 like-kind exchanges of real property, allowing deferral of capital gains when exchanging business or investment real estate. Covers qualifying property, boot, gain recognition, deferred exchange timelines, and related-party restrictions.
Tax Topics for Retirees
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Summarizes 2025 tax rules for retirement income, including Social Security taxation, pension and IRA distributions, RMDs, and early-withdrawal penalties. A concise guide to optimizing retirement income taxes.
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Summarizes 2025 Social Security and Medicare rules, including retirement age, delayed and early benefits, disability and survivor qualifications, and Medicare Parts A–D coverage. Explains 2025 Part B income-based premiums (IRMAA).
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Explains 2025 IRS rules for required minimum distributions (RMDs) from IRAs and employer plans. Covers starting age 73, calculation methods, deadlines, multiple-account rules, aggregation, penalties for missed RMDs, and tables for Uniform Lifetime and Joint Life expectancy.
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Explains 2025 Qualified Charitable Distribution (QCD) rules for IRA owners age 70½ and older. Covers the annual exclusion, one-time gift option, and how QCDs can satisfy RMDs while reducing adjusted gross income (AGI).
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Summarizes reverse mortgage rules, including eligibility at age 62+, loan options, and tax treatment. Explains nontaxable income, nondeductible interest, and key risks for retirees.
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An introduction to estate planning essentials, including purpose of wills, state intestacy laws, probate vs. non-probate assets, joint ownership, beneficiary designations, and small-estate affidavit procedures.
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Explains 2025 federal estate tax rules and filing on Form 706, including the $13.99 million exclusion, deductions for debts, funeral, and state taxes, and the marital and charitable deductions. Covers portability elections, taxation of gifts, and noncitizen spouse limitations.
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Tax Topics for Business & Job Related
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Explains 2025 IRS rules for deducting home office expenses, including the “regular & exclusive” use requirements, direct vs. indirect expenses, and depreciation of home office space. Also discusses deduction limits, carryovers, and the simplified $5-per-square-foot option.
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Outlines 2025 IRS rules for deducting business vehicle expenses. Explains standard mileage (70¢ per mile), actual expense methods, and business-use percentage calculations. Covers commuting vs. deductible travel, home-office exceptions, vehicle limits, and nondeductible personal use.
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Explains 2025 self-employment tax rules for sole proprietors and partners, including 15.3% Social Security and Medicare rates, income thresholds, and the 0.9% additional Medicare tax. Covers optional farm and nonfarm methods, deductions, and exemptions for ministers, notaries, and children.
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Explains 2025 IRS rules for determining whether an activity is a hobby or a business. Lists nine profit-motive factors, presumption-of-profit tests, and tax treatment of hobby income. Clarifies when losses are deductible and how to report hobby income on Form 1040.