M.L Tax Service

10/12/2025

Happy Halloween...

10/12/2025

New Tax Changes for Taxpayers in 2025: What You Need to Know

Tax changes can hit your wallet hard. In 2025, many rules from past laws will shift, and some perks might vanish. You could face higher bills if you don't prepare now.

These updates come from the Tax Cuts and Jobs Act from 2017, parts of which end after 2025. Recent laws like the Inflation Reduction Act add new breaks too. This article breaks down the big shifts, from deductions to family credits. You'll get tips to handle them and cut surprises at tax time.

Overview of the Tax Cuts and Jobs Act Expiration in 2025
The Tax Cuts and Jobs Act changed how we pay taxes back in 2017. It lowered rates and boosted deductions for most folks. But many of those breaks for individuals stop after 2025 unless Congress acts.
If nothing changes, we'll go back to older rules from 2017. Middle-class families might pay more on income and lose some savings. The IRS has warned about this in recent updates, and lawmakers debate fixes daily.

Experts from the Tax Policy Center say these shifts could raise taxes for about 60% of households. You need to watch bills in Congress to see what sticks.

Key Provisions Set to Expire
Several big parts of the TCJA will fade away. The standard deduction, now doubled, could drop in half. Tax rates might climb, with the top one jumping from 37% to 39.6%.
Brackets for income will adjust too. A single filer earning $50,000 might see their effective rate rise by 2-3%. This hits taxable income right where it counts for working people.
Personal exemptions return if rates revert, but they won't offset the lost deductions fully. Plan for that mix when you file in 2026.

10/09/2025

TAX UPDATES!!!!!

Overtime Pay Relief ...........

⏱️ What Changed: Up to $12,500 in overtime earnings is now tax-free.

💡 Why It Matters: Extra hours won’t push you into a higher tax bracket. Hustle smarter, not harder.

12/18/2024

12/18/2024

Happy Holiday's from M.L Tax Services!!

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11/27/2023

All documents can be submitted online, no need to leave your home. We offer CASH ADVANCE on your tax refunds!!!