Estate Harmonix LLC

🚨 Attention U.S. Businesses!🚨 Did you know that due to the Corporate Transparency Act of 2021, you must file a Beneficial Ownership Information (BOI) report? ⚖️ Ignoring this requirement could cost you $591 PER DAY in fines, civil lawsuits, and even potential jail time if penalties reach $10,000! 😱 ⏰ Deadline Alert: - If your company was formed BEFORE January 1, 2024, you need to file by the end of THIS YEAR! - For new businesses formed in 2024, you have just 90 DAYS to comply! Don’t let your business fall into the trap of severe penalties! Stay informed and proactive! #CorporateTransparency #BusinessCompliance #StayInformed

📢 Exciting news for taxpayers! 🎉 For the tax year 2025, qualifying taxpayers with three or more children can benefit from a maximum Earned Income Tax Credit (EITC) of $8,046, up from $7,830 in 2024. This increase can make a significant difference for many families! Be sure to consult your tax professional for a comprehensive overview of the maximum EITC amounts for other categories, along with income thresholds and phase-outs. Let's continue to educate our hardworking families! #TaxCredits #EITC #FamilySupport

📝 Tax Updates for 2025: What Stays the Same 📝 As we look ahead to the 2025 tax year, here are some key items that will remain unchanged: 1. Personal Exemptions: Still at 0, as established by the Tax Cuts and Jobs Act of 2017. 2. Itemized Deductions: There continues to be no limitation on itemized deductions, just like in 2024 and prior years. 3. Lifetime Learning Credits: The income thresholds remain at $80,000 for individuals and $160,000 for joint returns, with no inflation adjustment since 2020. Stay informed and plan your finances wisely! #TaxUpdates #FinanceTips #TaxYear2025

🎁 Gift Tax Update! 🎁 Exciting news for givers! For the calendar year 2025, the annual exclusion for gifts has increased to $19,000, up from $18,000 in 2024. This means you can gift more without affecting your lifetime estate and gift tax exemption! Spread the joy and plan your gifts wisely! 🌟 #GiftTax #TaxUpdates #Generosity

🏛️ Estate Tax Update! 🏛️ For those planning estates, there's good news! The basic exclusion amount for estates of decedents who die in 2025 has increased to $13,990,000, up from $13,610,000for 2024. This means more wealth can be passed on without incurring estate taxes. Stay informed and plan wisely! #EstatePlanning #TaxUpdates #WealthManagement

🌍 Tax Update for Expats! 🌍 For the 2025 tax year, the foreign earned income exclusion has increased to $130,000, up from $126,500 in 2024. This means more of your hard-earned income can be excluded from U.S. taxation while you live and work abroad! Make sure to stay informed and take advantage of this beneficial change! #TaxNews #ForeignEarnedIncome #ExpatLife

📢 Tax News Update! 📢 Great news for taxpayers! For the 2025 tax year, the standard deductions have increased! Here’s the breakdown: - Single taxpayers & married individuals filing separately: Now at $15,000 (up by $400 from 2024). - Married couples filing jointly: A new standard deduction of $30,000 (up by $800 from 2024). - Heads of households: Set at $22,500 (an increase of $600 from 2024). Take advantage of these changes as you plan for tax season! #TaxTips #StandardDeduction #TaxYear2025

Happy National Drop a Tax Client (or Ten) Day! 🎉 Today, let's celebrate the power of saying goodbye to clients who just don’t fit. If they’re constantly late with documents, disrespect your deadlines and time, or think tax prep is a magic show, it might be time to part ways. Remember, not all money is good money! Sometimes, the healthiest choice is to let go for your peace of mind. ✌️ #ClientBoundaries #KnowYourWorth #GoodbyeToxicClients

🌟 Tax Day Alert! 🌟 If you filed an extension and have a balance due, remember: TODAY (10/15) is your last chance to file your tax return! ⏰ Why? Because when the clock strikes midnight in your time zone, the failure to file penalty starts ticking! 🚨 This penalty can reach up to 25% of your balance due. 🚨 For instance, if you owe $10,000 and wait until March to file, you could face an additional $2,500 penalty, plus interest! 😱 Don’t bury your head in the sand! 🐢 Take action NOW to avoid penalties and explore your options. Your future self will thank you! 💪💰 #TaxTips #Deadline #Finance #IRS #TakeAction

🚨 Attention Taxpayers and Business Owners! 🚨 The countdown is on! If you requested an extension for your 2023 tax return, make sure to get your documents to your tax professional by October 10th to avoid late penalties! Remember, an extension to file is NOT an extension to pay. 💰 For those who owe, pay as much as you can to minimize interest and penalties. Filing electronically is the best route—quick, secure, and helps you claim credits like the Earned Income Tax Credit! And if you’re in a federally-declared disaster area or are military personnel, don’t forget about special extensions that may apply. 🔍 Need your tax info? Access your IRS Online Account for quick insights into your AGI and payment history. Also, did you know that 97% of U.S. businesses must file a Beneficial Ownership Information (BOI) report due to the Corporate Transparency Act of 2021? ⚖️ Ignoring this could lead to $591 PER DAY in fines, civil lawsuits, and potential jail time if penalties reach $10,000! 😱 ⏰ Deadline Alert: - Companies formed BEFORE January 1, 2024, must file by the end of THIS YEAR! - New businesses formed in 2024? You have just 90 DAYS to comply! Don’t let your business fall into the trap of severe penalties! Stay informed and proactive! #TaxDeadline #BusinessOwners #CorporateTransparency #TaxTips #IRS #TaxCompliance