Tax Tips & Updates Blog

Stay informed with the latest tax advice, deductions, deadlines, and law changes from American Canyon's trusted tax professionals

Featured Post December 15, 2024

2024 Tax Law Changes: What American Canyon Residents Need to Know

Important updates to tax laws that could affect your 2024 tax return, including new deduction limits and IRA contribution changes.

Madrigal Tax Firm
Madrigal Tax Firm
American Canyon Tax Professionals

Tax Tips

December 10, 2024

Top 10 Tax Deductions American Canyon Small Business Owners Miss

Don't leave money on the table! Here are the most commonly overlooked business deductions that could save you thousands...

#SmallBusiness #Deductions #TaxSavings
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December 5, 2024

Home Office Deduction: What Napa County Remote Workers Need to Know

Working from home in 2024? Learn about the home office deduction rules and how to maximize your tax savings...

#HomeOffice #RemoteWork
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November 28, 2024

Charitable Contributions: Maximize Your 2024 Deductions

Year-end giving strategies to reduce your tax burden while supporting causes you care about in Napa County...

#Charity #YearEnd
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Deadlines & Updates

URGENT: January 31, 2025

W-2 and 1099 Filing Deadline Approaching

Employers must provide W-2s to employees and file with SSA. Independent contractors need 1099s. Don't wait until the last minute!

Quick Checklist:
  • • Gather all employee information
  • • Review contractor payments over $600
  • • Prepare W-2 and 1099 forms
  • • Submit to IRS and provide to recipients
Need help? Call now →
December 8, 2024

IRS Announces 2025 Tax Brackets and Standard Deductions

The IRS has released updated tax brackets and standard deduction amounts for 2025. Here's what changed for California residents...

2025 Standard Deductions:
  • • Single: $15,000 (up from $14,600)
  • • Married Filing Jointly: $30,000 (up from $29,200)
  • • Head of Household: $22,500 (up from $21,900)
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November 25, 2024

California ITIN Acceptance Agents: New Requirements for 2025

Important updates for ITIN applications in California, including new documentation requirements and processing times...

#ITIN #California
ITIN assistance →

Business Focus

December 12, 2024

Should Your American Canyon Business Form an LLC in 2025?

Exploring the benefits of LLC formation for small businesses in Napa County, including tax advantages and liability protection...

LLC Benefits:
  • • Limited liability protection
  • • Tax flexibility
  • • Professional credibility
  • • Easier business banking
LLC formation services →
December 1, 2024

Napa Valley Restaurant Owners: Year-End Tax Planning Strategies

Specific tax strategies for restaurant and hospitality businesses in Napa County, including equipment purchases and payroll considerations...

#Restaurant #NapaValley #YearEnd
Business consultation →
November 20, 2024

Payroll Tax Changes for 2025: What American Canyon Employers Need to Know

Updated payroll tax rates, Social Security wage base changes, and new California employment regulations for 2025...

Key Changes:
  • • Social Security wage base: $168,600
  • • California minimum wage: $17.00/hour
  • • New sick leave requirements
Payroll help →

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