Tag: Tax Planning

3 posts

Cheerful senior mother and adult daughter using smartphone together

New $6,000 Senior Deduction: What You Need to Know for 2025

The new $6,000 senior deduction provides automatic tax relief for those 65 and older, but income thresholds affect multiple retirement benefits. Learn the basics and when to seek professional help.

John C Thompson, EA

Sep 6, 2025

Tax Planning and Preparation: Your Year-Round Strategy Guide

Learn the difference between tax planning and preparation, and discover how year-round tax strategies can reduce your tax liability, maximize refunds, and eliminate filing season stress.

John C Thompson, EA

Aug 25, 2025

Tax Deductions vs Tax Credits - Which is better for you?

Understand the difference between tax deductions and tax credits, how each reduces your tax burden, and which provides more benefit in various situations.

John C Thompson, EA

Aug 10, 2024