Rose Gold Tax Consulting LLC

12/04/2025

⚜️TAX TIP THURSDAY ⚜️
EITC Breakdown for 2025 — Don’t Leave Money on the Table!

The Earned Income Tax Credit (EITC) is one of the biggest refundable credits available — and every year thousands of taxpayers miss out simply because they don’t understand the rules. Let’s fix that today.

If you’re working — whether you have a job, side hustle, or self-employment income — the EITC could put hundreds or even thousands back in your pocket this upcoming tax season.

✔️ Who Can Qualify?
• Must have earned income (W-2, tips, gig work, or business income)
• You and your dependents must have valid Social Security numbers
• Investment income must be under $11,600
• Married Filing Separately does NOT qualify
• No qualifying kids? You must be 25–64 years old

📊 2025 EITC Limits & Maximum Credit Amounts

0 Children
• Max Credit: $649
• Single/HOH AGI: $19,104
• MFJ AGI: $26,214

1 Child
• Max Credit: $4,328
• Single/HOH AGI: $50,434
• MFJ AGI: $57,554

2 Children
• Max Credit: $7,152
• Single/HOH AGI: $57,310
• MFJ AGI: $64,430

3+ Children
• Max Credit: $8,046
• Single/HOH AGI: $61,555
• MFJ AGI: $68,675

💡 Why This Matters
Knowing your eligibility early helps you maximize your refund and avoid IRS issues. A lot of taxpayers qualify and don’t even know it — especially single parents, lower-income workers, and self-employed individuals.

At Rose Gold Tax Consulting, I make sure you claim every dollar you’re entitled to, correctly and confidently.

✨ Book with Rose Taylor — where accuracy meets expertise.
Let’s get you ready for tax season the right way.

12/03/2025

💡 Tax Tip Wednesday: Don’t Miss Out on Your Dependents Credits!

Before you claim any dependent on your taxes, make sure they truly qualify. The IRS is cracking down, and having the right documents can save you from delays, audits, and denied credits.

✅ Child Tax Credit (CTC) Requirements
To claim the CTC, your child must:
• Be under 17 by year-end
• Have a valid SSN (no ITINs for CTC)
• Live with you over half the year
• Be your qualifying child (biological, step, adopted, foster, sibling, or descendant)
• Be supported 50% or more by YOU

Documentation you should keep:
SS card, birth certificate, school/medical/daycare records, and residency proof like a lease or utility bill.

🧓 Credit for Other Dependents (ODC)
For dependents who don’t qualify for the CTC — like parents, grandparents, siblings, aunts, uncles, or disabled adult children.

To qualify:
• Must have a valid SSN or ITIN
• You must provide over half of their support
• Must live with you all year
(Parents are the only exception — they can live elsewhere and still qualify)

Proof you may need:
Receipts for support, residency docs, SSN/ITIN documentation.

⚠️ IRS Reminder:

The IRS is increasing verification for dependent-related credits. Missing documents or claiming someone who doesn’t qualify can cause delays, audits, or penalties.

Stay ready so you don’t have to get ready.

If you’re unsure who qualifies or need help preparing the right documentation, my office is here to make sure you stay compliant, accurate, and get every LEGAL credit you deserve.

09/17/2025

🔔 Quick Reminder for Self-Employed & 1099 Workers

The third quarter estimated tax payments were due Monday, September 15th.

If you missed the deadline or didn’t make your payment, it’s not too late. You can still make your estimated payment now to reduce penalties and interest. Staying current helps you avoid a larger balance and stress during tax season.

Plan ahead, your fourth quarter estimated payment will be due in January.

📌 Need assistance? Contact me today and I’ll guide you through making your payment and staying on track.

08/27/2025

Important: If you’ve changed your address, be sure to update it with the IRS by calling them or submitting Form 8822 (Change of Address).

08/27/2025

🚨 2026 Draft W-2 Now Available 🚨

The IRS has released the draft version of the 2026 Form W-2, featuring some notable updates.

📌 New Box 12 Codes:
🔸 TA – Employer contributions to your Trump Account
🔸 TP – Total qualified tips (for the new deduction on Schedule 1-A, Form 1040)
🔸 TT – Total qualified overtime compensation (also used for the Schedule 1-A deduction)

🔗 View the full draft: IRS Draft W-2 (2026)

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08/26/2025

Parents, the IRS just made tax time better!

The Child Tax Credit gives you $2,200 per child under 17.
🔸 Lowers your tax bill.
🔸 If the credit is bigger than what you owe, the rest comes back as a refund.

Example: Owe $1,500 in taxes but have 1 child? The $2,200 credit wipes your bill clean and puts $700 back in your pocket.

More kids = bigger refund.

08/26/2025

🚨 Tax Tip 🚨 Don’t play with the IRS! You MUST report every W-2, 1099, and any other form you get each year. Trust me… they already have a copy!

08/18/2025

✏️🍎 📚Teachers & School Staff: Bigger Tax Savings Ahead!

Starting in 2026, the IRS is giving educators a boost by expanding the Educator Expense Deduction.

Here’s what that means for you:
✅ Teachers, coaches, and even school sports staff (working 900+ hours a year) can deduct more of the money you spend out-of-pocket on supplies, books, or equipment.

💡 Keep those receipts—this could mean a larger refund or smaller tax bill when you file.

⚠️ Important: You’ll need to keep proof (receipts + work hours) to qualify.

📌 Tag a teacher, coach, or staff member who should hear this so they don’t miss out!

08/18/2025

🚨 SCAM ALERT: No $2,000 Stimulus Checks 🚨

I know you’ve seen the posts 👀 but let’s be clear:
❌ The IRS is not sending out $2,000 checks.
❌ No new law has been passed for more stimulus.
✅ Always check official sources: irs.gov, whitehouse.gov, usa.gov.

⚠️ Don’t fall for scams or share personal info with fake links.

Share this to stop the misinformation!

Find government benefits, services, agencies, and information at USA.gov. Contact elected officials. Learn about passports, Social Security, taxes, and more.