Tax Updates & Insights

This page is designed to share timely tax updates, IRS changes, and practical guidance that affect individuals and small businesses. Our goal is to explain tax topics in a clear, straightforward way so you can make informed decisions and avoid unnecessary surprises.

What You’ll Find Here 

• Updates on current tax law changes  

• IRS announcements that impact taxpayers  

• Guidance for individuals and small businesses  

• Information for taxpayers catching up on past-due returns

Recent Tax Changes

January 9, 2026-

The Child Tax Credit is Bigger in 2025 — Here’s What That Means

Important changes to the Child Tax Credit that could affect your 2025 tax return, with one of  the recent changes in the "Big Beautiful Bill Act", which is now law.

If you have children, this is one change I really want you to be aware of.

Starting in 2025, the Child Tax Credit increases to $2,200 per qualifying child, and up to $1,700 of that can be refundable. In simple terms, that can mean a lower tax bill or a larger refund.

Here’s what matters most:

• Income limits remain $200,000 single / $400,000 joint

• Each qualifying child must have a valid Social Security number

• The $500 credit for other dependents is now permanent

If your family situation changed recently — or will change in 2025 — this is something we should review together.