This video explains the major tax changes you need to know for filing your 2024 taxes in 2025. CPA KYLE Ashcraft covers new reporting requirements for business owners, lower income thresholds for receiving a 1099-K from payment platforms, and updates to tax credits and retirement account contribution limits.

Fill Out Your FinCEN Beneficial Ownership Report: [ Ссылка ]

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Dive into the crucial updates and changes for the 2024 tax year with our comprehensive guide, focusing on U.S. federal income tax laws. This essential resource sheds light on significant developments, including FinCEN's new beneficial ownership reporting requirements aimed at enhancing transparency, the IRS's increase in underpayment penalties interest rates, and modifications to Form 1099-K reporting thresholds.

Whether you're a business owner navigating new reporting obligations or an individual taxpayer seeking clarity on adjusted tax brackets, standard deductions, and opportunities for tax credits and savings, this guide is your key to informed tax planning and preparation. Stay ahead with our insights to optimize your financial strategy in the face of these latest tax regulations.


0:00 – Introduction
0:15 – 2024 Income Tax Rates
0:59 – FinCEN Reporting Requirements
2:07 - $5,000 1099-K Threshold
2:56 – 2024 Tax Credits
3:21 – 2024 Retirement Account Contribution Limits

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𝗥𝗲𝗹𝗮𝘁𝗲𝗱 𝗦𝗲𝗮𝗿𝗰𝗵𝗲𝘀:
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