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TAX INFORMATION
Tax Brackets
2024
2025
Standard Deduction
2024
- Single or Married Filing Separately—$14,600.
- Married Filing Jointly or Qualifying Surviving Spouse—$29,200.
- Head of Household—$21,900.
2025
- Single or Married Filing Separately —$15,000
- Married Filing Jointly or Qualifying Surviving Spouse— $30,000
- Head of households—$22,500
Earned Income Tax Credit (EITC)
2024
2025
Child Tax Credit (CTC)
You can claim the Child Tax Credit for each qualifying child who has a Social Security number that is valid for employment in the United States.
To be a qualifying child, your dependent generally must:
- Be under 17 at the end of the tax year.
- Be your son, daughter, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of one of these (for example, a grandchild, niece or nephew).
- Not provide more than half of his or her own support for the tax year.
- Have lived with you for more than half the tax year.
- Be claimed as a dependent on your return.
- Not file a joint return for the year (or filed the joint return only to claim a refund of taxes withheld or estimated taxes).
- Be a U.S. citizen, U.S. National or a U.S. resident alien.
- Must have a Social Security Number that is valid for employment and is issued before the due date of your tax return (including extensions).
Parents and guardians with higher incomes may be eligible to claim a partial credit.
For 2024 & 2025, the credit is up to $2,000 per qualifying child.
Mileage Deduction
The IRS requires a detailed log of business mileage in order to claim deductions. Please remember to record odometer readings, trip purposes, starting and ending locations, and dates.
2024
- Self employed and business: 67 cents/mile
- Charities: 14 cents/mile
- Medical: 21 cents/mile
- Moving: (military only): 21 cents/mile
2025
- Self-employed and business: 70 cents/mile
- Charities: 14 cents/mile
- Medical: 21 cents/mile
- Moving (military only): 21 cents/mile