Lily Perez

Essential Tax Relief Measures for California Wildfire Survivors

News, Taxes /

Maximizing Tax Benefits for Those Affected by California Wildfires In recent years, California has experienced devastating wildfires that have wreaked havoc on communities, causing loss of life, property, and livelihoods. While recovering from such a catastrophe can be daunting, there are several tax relief options available to help wildfire survivors rebuild their lives. Understanding and […]

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The 2025 Tax Advantage: Utilizing Higher Standard Deductions

Strategies, Taxes /

In 2025, the IRS announced higher standard deductions, presenting a significant opportunity for taxpayers. With this increase, individuals can simplify their tax preparation process and potentially lower their taxable income, leading to substantial tax savings. Standard deductions are specific amounts set by the IRS, allowing taxpayers to reduce their taxable income if they do not

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Is Trump’s ‘No Tax on Tips’ Policy a Game Changer for Service Industry Workers?

News, Taxes /

In a recent move poised to spark significant changes in the U.S. tax landscape, President Donald Trump has reiterated his campaign promise to eliminate taxes on tips. This proposed policy aims to benefit millions of workers who rely on tips for their income, such as waiters, bartenders, and hotel staff. The initiative has gained traction

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