01/21/2026
Tax deductions you will benefit from this tax season:
$6000 senior bonus - temporary federal benefit for taxpayers 65+ (2025-2028 tax years), $6,000 extra deduction per person (or $12,000 for married couples) in addition to existing deductions
$10,000 Car interest $10,000- lets eligible buyers deduct up to $10,000 yearly on interest paid for new, U.S.-assembled personal vehicles, but it has strict rules, including income caps (phasing out over $100k single/$200k joint
Waitresses, bartenders, hotel staff, gig workers (like food delivery), and other service workers in hospitality, personal care, and transportation who earn tips benefit from the "No Tax on Tips" deduction
Overtime deduction - lets eligible workers deduct the extra half of their time-and-a-half overtime pay (up to $12,500/single, $25,000/joint) from 2025 - 2028
State and local tax $10,000-$40,000 - changed from $10,000 max credit for property taxes.
The "$7500 EV credit" - refers to the federal tax credit for purchasing a new electric vehicle (EV), while "energy-efficient home upgrades" are separate but related incentives under the Inflation Reduction Act, offering credits for things like heat pumps, windows, insulation, and EV chargers
Energy efficient windows new front door, $7500 EV credit energy efficient home upgrades child tax credit 2200 new savings accounts for kids.
Call or text me to discuss any of the items I’ve listed in further detail.