Should You File Your 2025 Tax Return?

With the 2025 tax-filing season just around the corner, now is the perfect time to consider the benefits of filing your 2025 tax return. Filing can help you claim refundable tax credits, secure an income tax refund, and ensure compliance with IRS requirements.

Key Reasons to File Your 2025 Tax Return

Determine if You’re Required to File Income, filing status, and age typically determine if you must file a tax return. Additional rules apply if you’re self-employed or can be claimed as a dependent. Contact us to determine if you’re required to file.

Check for Refund Opportunities

• Did your employer withhold federal income tax from your pay?
• Did you make estimated tax payments during the year?
• Did you overpay last year and apply it to your 2025 taxes?

If you answered yes to any of these questions, you could be due a refund. File your 2025 tax return to claim your money.

Claim Valuable Tax Credits

Earned Income Tax Credit (EITC): If you earned $66,819 or less in 2025, you may qualify for the EITC. The credit ranges from $632 to $7,830 depending on your filing status and number of dependents.

Child Tax Credit: Taxpayers with qualifying children under 17 may claim the Child Tax Credit. Those with older dependents may qualify for the Credit for Other Dependents.

Education Credits: The American Opportunity Tax Credit and Lifetime Learning Credit can reduce your tax liability if you, your spouse, or your dependents were enrolled in higher education.

Don’t Lose Your Refund: Statute of Limitations

Even if you are not required to file, you might be owed a refund. However, you generally have only three years from the original filing deadline to claim it. If you don’t file within that window, the money becomes the property of the U.S. Treasury. Don’t leave your money on the table!

Filing your 2025 tax return ensures you take advantage of all available credits and refunds. Contact us for personalized assistance with your tax filing needs!