Prestige Tax Service

USA-GES

Tax News & Updates

Stay informed with the latest tax regulations, IRS announcements, and important updates that affect your financial planning.

NOV 3 2025

Disaster Tax Relief Extended to November 3 for Multiple States

Filing Deadlines

IRS.gov

NOV 3 2025

Texas Counties Receive Tax Extension for Severe Storms and Flooding

Filing Deadlines

IRS.gov

NOV 2025

Beware of IRS Scams: No Stimulus Checks Announced for November

Tax Safety

IRS.gov

2025 TAX YEAR

Child Tax Credit Permanently Increased to $2,200 Per Child

Tax Credits

IRS.gov

2025 TAX YEAR

New Deduction: Up to $25,000 for Qualified Tip Income (2025-2028)

Deductions

One Big Beautiful Bill

2025 TAX YEAR

SALT Cap Raised to $40,000 for Incomes Up to $500,000

Deductions

One Big Beautiful Bill

2025 TAX YEAR

New Car Loan Interest Deduction: Up to $10,000 for U.S.-Assembled Vehicles

Deductions

One Big Beautiful Bill

2025 TAX YEAR

Enhanced Senior Deduction: Up to $6,000 for Taxpayers 65 and Over

Tax Credits

One Big Beautiful Bill

2025 TAX YEAR

Standard Deduction Increased: $31,500 for Married Filing Jointly

Deductions

IRS.gov

2025 TAX YEAR

New Overtime Income Deduction: Up to $12,500 for Tax Years 2025-2028

Deductions

One Big Beautiful Bill

2025 TAX YEAR

Seven Federal Tax Brackets Made Permanent

Tax Updates

One Big Beautiful Bill

2025 TAX YEAR

Electric Vehicle Tax Credits Repealed Beginning in 2025

Tax Updates

One Big Beautiful Bill

Built with v0