CLAUDE.TAX

"THE AFFORDABLE TAX PREPARATION BUSINESS" 

8690 NW 160th ST

FANNING SPRINGS, FL 32693

OFFICE/CELL (813) 967-0644 FAX (352) 658-2047

**NEW FAX NUMBR (352)658-2047**

PLEASE TAKE NOTICE

Subject: 2025 Tax Season Update & Important Client Information

Hello Everyone

The IRS has announced the official start of the 2025 tax filing is Monday January 26th, 2026.

Deb and I are currently in the process of relocating from Florida as soon as we complete packing and get our homestead in order. Hopefully June of 2026 after we close on Florida home. We were also affected by the 2024 hurricanes, which made this transition more challenging than anticipated. However, we will be leaving as soon as possible.

Special Note: Longevity Has Its Rewards

• Clients who have had their taxes prepared by us over the years will receive discounts based on length of service.
• Clients 80 years young and older will not be charged full price (if any), even if this is their first year using our office.
• As in the past, clients’ children who are still attending school fulltime will not be charged for a tax return as long as they are dependents and earn under $20,000 (not including tips).

IRS Update

Here is a link to the latest news from the IRS:
(CLICK HERE) https://www.irs.gov/newsroom/one-big-beautiful-bill-provisions

Federal Tax Changes (Tax Year 2025, Filed in 2026)
Many temporary provisions from the 2017 Tax Cuts and Jobs Act were made permanent, and some new deductions were introduced. Key changes include:
• Standard Deduction Increase: The standard deduction amounts have increased:
o Single filers: $15,750 (up from $15,000)
o Married Filing Jointly: $31,500 (up from $30,000)
o Head of Household: $23,625 (up from $22,500)
• New Deductions: New deductions are available for both itemizing and non-itemizing taxpayers:
o Tips and Overtime: A deduction for qualified tips (up to $25,000) and qualified overtime compensation (up to $12,500), subject to income phase outs.
o Senior Deduction: An additional $6,000 deduction for taxpayers aged 65 and older, also subject to income limits.
o Vehicle Loan Interest: A deduction (up to $10,000) for interest paid on certain passenger vehicle loans taken out in 2025.
• SALT Cap Increase: The itemized deduction limit for State and Local Taxes (SALT) is temporarily increased to $40,000 per household (up from $10,000) for 2025 through 2029, with phase outs for high earners.
• Child Tax Credit: The credit is increased to $2,200 for qualified taxpayers.
• EV Credit: The Electric Vehicle tax credit is scheduled to end on September 30, 2025.
Social Security & Medicare
Several adjustments impact retirees and beneficiaries:
• Social Security COLA: The Cost-of-Living Adjustment (COLA) for 2025 is 2.5%.
• Full Retirement Age: The full retirement age for those born in 1959 is now 66 years and 10 months.
• Earnings Limit Increase: You can earn more from work while collecting Social Security benefits before benefits are reduced by the earnings test.
• Medicare Part D Out-of-Pocket Cap: A new annual cap will limit how much beneficiaries have to spend on prescription drugs out-of-pocket, and the "donut hole" coverage gap will be eliminated.
• Expanded Mental Health Coverage: Medicare has expanded its list of covered mental health professionals to include licensed professional counselors and marriage and family therapists.

IR-2025-94, Sept. 23, 2025

WASHINGTON — The Internal Revenue Service, working with the U.S. Department of the Treasury, today announced that paper tax refund checks for individual taxpayers will be phased out beginning on Sept. 30, 2025, as required by Executive Order 14247, to the extent permitted by law. This marks the first step of the broader transition to electronic payments.
The IRS will publish detailed guidance for 2025 tax returns before the 2026 filing season begins. Until further notice, taxpayers should continue using existing forms and procedures, including those filing their 2024 returns on extension of a due date prior to Dec. 31, 2025.
The change is designed to
• Protect taxpayers: Paper checks are over 16 times more likely to be lost, stolen, altered, or delayed than electronic payments. Direct deposit also avoids the possibility that a refund check could be returned to the IRS as undeliverable.
• Speed up refunds: Electronic refunds give taxpayers faster access to refunds, with payments issued in less than 21 days if filing electronically, choosing direct deposit and there are no issues with the return, whereas non electronic payments may take 6 weeks or longer for refunds sent by mail.
• Cut costs: Electronic payments are more efficient and cost less than paper.

What this means for individual taxpayers
• Filing stays the same: Taxpayers should continue to file their returns as they normally would, using one of the existing filing options.
• Refunds go digital: Most refunds will be delivered by direct deposit or other secure electronic methods.
• Help for those without access to bank accounts: Options such as prepaid debit cards, digital wallets or limited exceptions will be available.
• Act now: Taxpayers should make sure they know their banking information or consider opening a free or low-cost account..
Most individual taxpayers already receive their refunds by direct deposit into their bank accounts. During the 2025 tax filing season, the IRS issued more than 93.5 million tax refunds to individual income tax filers, and 93% of those, almost 87 million refunds, were issued through direct deposit. Only 7 percent of individual refund recipients received their refunds by check through the mail.
Next steps
Executive Order 14247 also applies to payments made to the IRS. Taxpayers should continue to use existing payment options until further notice. Additional guidance and information for filing 2025 taxes will be issued prior to the 2026 filing season.
The IRS will share updated guidance on IRS.gov/modernpayments and through outreach efforts nationwide.

NEW OFFICE HOURS (EASTERN TIME) ARE AS FOLLOWS: MONDAY THRU FRIDAY: 9AM TILL 7PM, SATURDAY 9AM TILL 12PM, EVENINGS AND SATURDAY AFTERNOONS WILL BE BY APPOINTMENT (INCLUDING PHONE),WALKINS, AND DROP OFFS (INCLUDING MAIL)

CLOSED SUNDAYS

Extensions

If you request an extension, a non-refundable fee is required.
• The fee is 50% of your prior year’s tax preparation fee, payable at the time the extension request is submitted.
• This amount will be applied toward your preparation fee if your return is completed by my office. Note that an extension to file is not an extension to pay any taxes owed.

Fees & Payment Information

All preparation fees are due upon completion of the tax return.

Payment Options:
• Checks payable to Claude Booska
• Credit cards via PayPal (add 3.8% processing fee)
 PayPal email: Callclaude@msn.com

• Venmo: @Claude-Booska (add 3.8% if paying as a service)
• Zelle: 813-967-0644 or Callclaude@msn.com

ORGANIZERS ARE READY. WE WILL BE KEEPING THIS SITE VERY SIMPLE TO NAVIGATE.  

**PLEASE REFRESH PAGE TO LOAD CURRENT YEAR**

**TIME LEFT TO EFILE**

2025 TAX ORGANIZERS   (CLICK HERE)

2025 Main Organizer (CLICK HERE)

2025 Client Engagement Form and Signature pages (CLICK HERE NEW)

2025 ID Requirement  (CLICK HERE)

**THANK YOU FOR ALLOWING US TO PREPARE YOUR 2025 TAXES**