Xact.inc

Tax filing doesn’t have to be stressful. With XACT. inc, we take care of everything to ensure your taxes are filed accurately and on time. Focus on what matters while we handle the details. #TaxExperts #xactinc #StressFreeFiling

You may be missing out on important tax credits, like the Child Tax Credit or Earned Income Tax Credit. XACT .inc helps you claim all the benefits you’re entitled to and maximize your refund. #taxcredits #xactinc #Taxationservices

Filing your taxes on time is important to avoid penalties and delays. Late filings can also slow down your refund. Trust XACT inc to file your taxes on time and get them done right. #filingontime #taxdeadline2025 #xactinc

Understanding the Child Tax Credit (CTC) for 2024-2025 The Child Tax Credit (CTC) is a valuable benefit for taxpayers with children under the age of 17. For 2024 and 2025, the credit can provide up to $2,000 per qualifying child, offering significant savings for families. A key advantage of this credit is that it is partially refundable. This means that if your tax liability is lower than the credit amount, you may still receive a refund for the difference. Up to $1,600 of the credit is refundable for 2024 and 2025. Eligibility Requirements To qualify for the full CTC amount, you must meet these criteria: > Age & Dependency – Your child must be under 17 at the end of the tax year and meet dependency, relationship, residency, and support requirements. > Income Limits – Your adjusted gross income (AGI) must be: * $200,000 or less for single filers * $400,000 or less for married couples filing jointly * If your income exceeds these limits, the credit phases out by $50 for every $1,000 over the threshold. > Valid Social Security Number – Your child must have a valid SSN issued before the due date of your tax return (including extensions). Looking Ahead Unless Congress extends the current provisions, the CTC is set to decrease to $1,000 per child starting in 2026. Need Help? If you're unsure about your eligibility or need assistance with filing, our team at Xact, Inc. is here to help you maximize your tax benefits. Visit us at www.xact.inc for more information. #xactinc #taxservices #taxseason #childtaxcredit #taxbenefits #taxreturn #taxsavings

Start your taxes early to make sure you claim all the deductions and credits you're entitled to. Early filing means less stress and a bigger refund. Let XACT.inc help you make the most of your tax benefits. #TaxSeason2025 #xactinc

?? Reminder: Form 940 (Federal Unemployment Tax Return) is due January 31, 2025! File it and pay any outstanding taxes to avoid penalties. ?? #form940 #unemploymenttax #IRS #TaxReminder #businesstaxes #taxdeadlines #xactinc

Behind on taxes or bookkeeping? It’s time to get back on track! Our expert team can help you catch up, avoid IRS penalties, and get your financials in order. Whether you’re applying for a loan or dissolving a business, we’ve got your back! DM us today! #bookkeepingservices #xactinc #TaxSeason2025

The unexpected closure of Bench Accounting has left many businesses without reliable accounting support to begin the new year. At Xact.inc we're to ensure you have everything you need to move forward seamlessly and confidently. If your business has been impacted, we’re ready to assist with: ? Transitioning to QuickBooks Online (QBO) or Xero for efficient financial management, ? Organizing and reconciling your books for a clean start to 2025, and ? Delivering personalized, professional accounting and taxation services tailored to your goals. We know accounting is more than just numbers—it’s about trust, reliability, and providing the peace of mind to focus on what truly matters: growing your business. As you set your sights on 2025, let us help you turn uncertainty into opportunity. With our hands-on expertise and commitment to excellence, we’ll ensure your business is on the right track for success. Let’s start the year strong, together. #AccountingSolutions #ProfessionalAccounting #BusinessSuccess #TaxationSupport #XactInc #TrustedPartners

Reminder: Sales tax for Q4 2024 is due by 01/31. Be sure to submit on time to avoid penalties! Stay on top of your deadlines and keep things running smoothly. ???? #TaxDeadline #Q42024 #TaxReminder #BusinessTips #xactinc

?? Business owners: 1099-NEC & 1099-MISC forms are due January 31, 2025! Prepare and send them to contractors now to stay compliant. Don’t wait! ?? #1099forms #contractortax #TaxSeason2025 #IRS #TaxReminder #xactinc