We specialize in bookkeeping, payroll, income tax return preparation, and retirement planning, and serve a nationwide clientele consisting of individuals and businesses of all types and sizes (LLC, partnerships, C & S Corporations), as well as trusts and estates. As financial problem solvers, we provide practical advice and proactive solutions with personalized service. We are affordable, experienced, and friendly, and we tirelessly study and research the ever-changing world of tax law and regulation so that we can help every client realize the greatest possible savings and return on investments. Our office is conveniently located in Dover, Delaware. Please contact us today to find out more about how we can make YOUR life less taxing!Tax
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The Child Tax Credit increased from $2,000 to $2,200 (per qualifying dependent) for 2025.
Of that, up to $1,700 is refundable. Meaning you can receive it as part of your refund even if you donโt owe any taxes.
๐๐ป ๐ฟ๐ฒ๐ฎ๐น-๐น๐ถ๐ณ๐ฒ ๐๐ฒ๐ฟ๐บ๐: If you owe $1,000 in taxes and have one qualifying child, the $2,200 credit wipes out your tax bill ๐ข๐ฏ๐ฅ could put part of the remaining amount (up to $1,700 per child if you qualify for the refundable portion) back in your pocket.
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๐ช๐ต๐ ๐ฐ๐ฎ๐ปโ๐ ๐ ๐บ๐ถ๐
๐ฝ๐ฒ๐ฟ๐๐ผ๐ป๐ฎ๐น ๐ฎ๐ป๐ฑ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐ ๐ฒ๐
๐ฝ๐ฒ๐ป๐๐ฒ๐?
Clean accounting is necessary to know where your business stands with profits, losses, trends, cash flow, and the rest.
Without this clarity, youโll struggle to make informed decisions for your business.
Then there are the taxes. Your deductions, losses, and even your right to claim certain credits depend on having an audit trail.
Without clear separation, you might lose deductions youโre entitled to. (Or send up a red flag for the IRS to take a closer look, i.e., spending your time in an audit.)
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Financial advice for your money personality?
#6 applies to taxes too.
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There are 6 ‘money personalities’—find out which one yours is to be better with money in 2026
www.cnbc.com
"Recognizing your tendencies empowers you to make intentional shifts and cultivate healthier behaviors," says Steph Wagner, National Director of Women & Wealth at Northern Trust.0 CommentsComment on Facebook
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First State CPAs & Associates |
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|
18 S. State St, Dover, DE 19901 |
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| (302) 736-6657 | |
| Business Hours | |
| January 1st April 15th | |
| MondayโFriday: | 8amโ5pm |
| Saturday & Sunday: | closed |
| April 16th December 31st | |
| MondayโThursday: | 8amโ5pm |
| Friday, Saturday & Sunday: | closed |
