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Keep an eye on your mail if you qualified for, but did NOT claim, the Recovery Rebate Credit on your 2021 tax return. 📬⁠ ⁠ The Recovery Rebate Credit is a refundable credit that you may qualify for if you didn't receive one (or more) of your stimulu Let's address this common misconception when it comes to home office write-offs:⁠ ⁠ If you have a qualifying home office in a home that you own, the business-use portion of your mortgage interest payments is deductible.⁠ ⁠ However, the principal paym 🚨HEADS UP - the standard deduction has gone UP for 2025! 🚨⁠ ⁠ Swipe to find out how much you'll automatically be able to deduct.⁠ ⁠ Don't forget to follow @thrashercpa to stay up-to-date on the latest tax changes!⁠ ⁠ #TaxPlanning #PersonalBudgeting January 31st is a double-whammy deadline! 💥⁠ ⁠ Here's what you can do to prepare:⁠ ⁠ If you have employees, you’re responsible for filing Form W-2 and Form W-3 by January 31st. You’ll also need to make sure you send each employee a copy Will you be working from home in 2025? 🏡⁠ ⁠ There are two methods to calculate your home office deduction, and each method has its pros + cons!⁠ ⁠ Swipe to learn how to calculate your home office deduction on your own, or click the link in my bio to

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Thrasher CPA, LLC

Kansas City Business Tax and Finance Expert

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