New for the 2025/2026 Tax Year

       During tax season, we will be open Monday - Friday, 9-5, and Saturday, 9-2 (by appointment only). Alternate days and times by appointment only. We do request that you make an appointment! Please note that with Georgia's unpredictable weather, if Gwinnett County schools are closed for inclement weather, we will also be closed and will be happy to reschedule your appointment.

       As always, you can send us COPIES of your information, via U.S. Mail (we strongly recommend Priority Mail), FedEx, UPS, or E-mail. Please do not send ANY original documents through the mail. If you have the ability to scan your documents, call or email us first and we will coordinate with you to use our secure portal. NOTE: The U.S. Postal Service (USPS) finalized a rule that changes how postmarks are defined and applied. Under the new guidance, most machine-applied postmarks reflect the date of the first automated processing operation at a USPS facility, not the date a document is delivered to the Postal Service. The date on the envelope is not always a reliable indicator of when the item was mailed.

       For those who are unable to come to our office and require someone to pick up your tax documents, this can be done by calling the office and requesting the pickup. You are free to drop off your information. There is a mail slot in the door for after-hours drop off.

       We are in a two-story office building, 2/10 mile west of the Grayson Highway/Highway 20 intersection, and 4 miles east of Lawrenceville Highway.

                                                        Tax Time Income Tax Services, Inc.

                                                        2090 Sugarloaf Parkway, Suite 145

                                                        Lawrenceville, GA 30045

       The One, Big, Beautiful Bill (OBBB) has made many temporary provisions into permanent changes, plus several new, temporary deductions for individuals. New items of interest for 2025 (all with income phase-outs) include:

• Seniors (age 65+) - An additional $6,000 deduction per eligible individual
• Qualified Tips - A deduction of up to $25,000 for workers in traditionally tipped occupations
• Qualified Overtime Pay - A deduction of up to $12,500 for the premium portion of overtime pay as required by the Fair Labor Standards Act
• Car Loan Interest - A deduction of up to $10,000 in interest on loans for new, U.S.-assembled personal vehicles. We will need the VIN and dealer paperwork for this deduction.

       Additional Changes: 

• Child Tax Credit - The maximum has increased to $2,200 per qualifying child under age 17.
• State and Local Tax Deduction Cap -For those who itemize, the cap is temporarily increased to $40,000 ($20,000 for married filing separately) for 2025 through 2029, with phase outs for high income. The higher income limit remains at $10,000.

       Standard deductions for 2025 include: 

• Standard mileage rates for 2025:
  • Business: $0.70 ($0.72.5 for 2026)
  • Medical & Moving: $.21 ($0.20.5 for 2026)
  • Charitable: $.14
• Maximum wages subject to Social Security tax are $176,100 for 2025. That figure will increase to $184,500 for the 2026 tax year.
• Annual Gift Tax exclusion for both the 2025 and 2026 tax years is $19,000 per person.
• Health Savings Account (Individual) limit is $4,300 ($5,300 over age 55) for 2025. This increases to $4,400 ($5,400 over age 55) for the 2026 tax year.
• Health Savings Account (Family) limit is $8,550 ($9,550 over age 55) for 2025, increasing to $8,750 ($9,750 over age 55) for the 2026 tax year.
• Business meal deduction is 50% deductible. Be sure to keep your receipts!
• If you purchased a "clean vehicle" (electric/EV) or made energy improvements to your home, you could qualify for tax breaks.

       Tax Time Income Tax Services, Inc. can help you arrange a direct debit for any taxes owed to eliminate the need to send a check to the IRS.

       It is very important that you assemble all necessary documentation for your tax return. The Deduction Checklist on the Forms page can help you identify everything we'll need to complete your return. 

       In general, please bring any document that you receive marked "Tax Information" however, if you're not sure about any document, it's better to bring it with you than to have to make another trip!