Top Tax Filing Tips for 2025: Expert Insights from Aldaris CPA As Seen On KIRO 7 News

1. Introduction

As tax season approaches, many individuals and business owners seek ways to file accurately, maximize deductions, and avoid penalties. With new tax regulations and potential changes for 2025, staying informed is essential to ensure a smooth filing process.

Recently, Edwin del Carpio, the owner of Aldaris CPA, was featured on KIRO 7 News to share expert insights on tax preparation. He provided valuable tips on common filing mistakes, tax-saving strategies, and when to seek professional help.

👉 Watch the full KIRO 7 interview here: KIRO 7 News – What to Know Before Filing Taxes

To help you confidently approach this tax season, here are some key tax filing tips for 2025, including expert advice from Aldaris CPA.

2. Why Early Tax Preparation is Essential

Filing taxes isn’t just about meeting deadlines—it’s about strategizing to reduce liabilities and maximize refunds. Here’s why early tax preparation is crucial:

✅ Avoid Common Mistakes – Rushing through a tax return can lead to errors, missing deductions, or incomplete filings that may trigger an IRS audit.

✅ Maximize Deductions & Credits – By gathering tax documents early, you ensure that all eligible deductions (such as retirement contributions, student loan interest, or business expenses) are accounted for.

✅ Prevent IRS Penalties – Filing late or failing to pay owed taxes on time can result in costly penalties and interest charges.

✅ Faster Refund Processing – Taxpayers who file early and opt for direct deposit generally receive their refunds sooner than those who wait until the deadline.

✅ More Time to Seek Professional Help – If you have complex income sources, business expenses, or significant life changes, consulting a CPA in advance ensures better tax planning and fewer surprises.

3. Key Tax Changes for 2025 (What’s Different This Year?)

Each year, tax laws evolve, affecting how individuals and businesses file their returns. Here are some notable tax changes for 2025 that may impact your filing:

Adjustments to IRS Tax Brackets

The IRS adjusts tax brackets annually based on inflation. While the percentage rates remain the same, the income thresholds may shift, impacting the amount of taxable income in each bracket. Reviewing these updates can help with tax planning and withholding adjustments.

Updates to the Standard Deduction

The standard deduction typically increases to account for inflation, reducing taxable income for those who do not itemize deductions. This is especially important for W-2 employees and retirees.

Changes to Retirement Contribution Limits

401(k) & IRA contribution limits may be adjusted, allowing individuals to save more tax-free for retirement.
Those nearing retirement age can take advantage of catch-up contributions for additional savings.

Expanded Tax Credits

The Child Tax Credit (CTC) and Earned Income Tax Credit (EITC) are among the most impactful credits.
Legislative changes could modify these credits’ income thresholds or refundability in 2025.

Business & Self-Employed Tax Updates

Adjustments to self-employment tax deductions, qualified business income deductions, and depreciation limits may affect entrepreneurs and freelancers.
Small business owners should review deductions for equipment, home office expenses, and retirement contributions.

Staying informed about these key tax filing tips for 2025 will help you reduce tax liability, claim all eligible deductions, and avoid surprises when filing. Small business owners can take advantage of additional tax-saving opportunities beyond the 2025 updates. Learn more in our guide on Small Business Tax Strategies to Boost Savings.

4. Common Tax Filing Mistakes (and How to Avoid Them)

Filing taxes can be complex, and minor errors can lead to delays, missed deductions, or even IRS audits. Below are some of the most frequent tax filing mistakes and how to avoid them.

Incorrect Income Reporting

Failing to report all sources of income (W-2, 1099, freelance work, rental income).
Solution: Ensure you have all necessary tax forms before filing. Contact your employer or client if you’re missing a 1099 or W-2.

Overlooking Deductions & Credits

Many taxpayers miss out on valuable deductions, such as student loan interest, home office expenses, or retirement contributions.
Solution: Research all eligible deductions and credits or work with a CPA to ensure nothing is overlooked.

Missing Important Tax Forms

Forgetting to include forms for investments, capital gains, or self-employment income can lead to IRS inquiries.
Solution: Double-check your records and use tax software or a CPA to ensure completeness.

Filing Too Late or Too Early

Filing too early may result in missing corrected tax forms, and filing late could lead to penalties and interest.
Solution: Wait until you have all documents and File before the deadline (April 15, 2025). If needed, request an extension to avoid penalties.

5. How to Lower Your Tax Bill & Maximize Your Refund

Paying less in taxes while keeping more of your hard-earned money is a goal for many. The right approach can help you reduce what you owe and increase your refund. Here’s what to focus on:

Max Out Retirement Contributions

Contributions to 401(k), Traditional IRA, and HSA accounts lower taxable income.
If you haven’t reached your contribution limit, you can still add funds before the April 15, 2025 deadline.

Take Advantage of Tax Credits

Unlike deductions, tax credits directly reduce your tax bill. Some of the most valuable include:

✔️ Earned Income Tax Credit (EITC) – For moderate-to-low-income workers.

✔️ Child Tax Credit – Up to $2,000 per qualifying child (subject to income limits).

✔️ American Opportunity & Lifetime Learning Credits – Tuition, fees, and education costs.

Self-employed? Deduct expenses like home office, internet, supplies, and mileage.
W-2 employees? Some unreimbursed work expenses may be deductible under certain conditions.

Don’t Overlook Commonly Missed Deductions

Medical expenses (if they exceed 7.5% of your AGI).
State and local taxes (up to $10,000 under SALT deduction rules).
Charitable donations (keep receipts for all donations).

By taking full advantage of these strategies, you can minimize taxable income and keep more money in your pocket.

If you’re a high-income earner looking for additional tax-saving strategies beyond standard deductions, check out our guide on Proven Tax Strategies for High-Income Earners (2024).

6. When to File Taxes Yourself vs. Hiring a CPA

Many taxpayers wonder whether they should file on their own or hire a professional. The answer depends on the complexity of your financial situation.

When Tax Software is Enough

✅ You only have W-2 income with no major deductions.

✅ You’re comfortable using tax preparation software like TurboTax or H&R Block.

✅ You don’t own a business or rental properties.

When a CPA is the Better Choice

✅ You’re self-employed or own a small business.

✅ You have multiple income sources (freelancing, investments, rental properties).

✅ You’ve had significant life changes (marriage, divorce, buying/selling a home).

✅ You want personalized tax strategies to maximize deductions and avoid IRS issues.

Working with a CPA ensures you pay the least amount legally required while reducing stress. Aldaris CPA specializes in helping individuals and business owners handle tax season efficiently.

For W-2 employees looking for ways to reduce taxable income, here are 10 Tax Planning Tips for W-2 Employees to help you maximize deductions and credits.

7. IRS Red Flags That Could Trigger an Audit

Most taxpayers will never experience an IRS audit, but some returns are more likely to be flagged than others. Here are a few things that could draw IRS attention:

Reporting Inconsistent Income

If income reported on W-2s, 1099s, or investment statements doesn’t match what’s on your return, the IRS will notice.
Solution: Double-check all documents before filing and ensure accuracy.

Large or Unusual Deductions

Claiming excessive business expenses compared to industry averages can raise questions.
Solution: Keep detailed records of business-related expenses and only claim legitimate deductions.

Claiming Dependents Incorrectly

Listing a child who doesn’t meet IRS requirements (e.g., age, residency) can trigger a review.
Solution: Ensure dependents qualify before including them on your return.

High Charitable Donations Without Documentation

Large charitable deductions relative to your income can be a red flag.
Solution: Keep all donation receipts and File Form 8283 for non-cash contributions over $500.

Consulting a CPA can help ensure your return is filed correctly if you’re concerned about accuracy or potential IRS scrutiny.

8. Step-by-Step Guide to Filing Taxes Efficiently

Filing taxes doesn’t have to be stressful. A structured approach can help you stay organized, avoid errors, and get your refund faster.

Step 1: Gather All Required Documents

Having the right paperwork is the first step to an accurate return. Common forms include:

✔️ W-2 – For employees

✔️ 1099s – For freelancers, contractors, and gig workers

✔️ 1098-T – For education-related deductions

✔️ 1099-INT/DIV – For interest or investment income

✔️ Receipts for deductions – Business expenses, medical costs, charitable donations

Step 2: Choose How to File

Use tax software – Best for simple returns.
Hire a CPA – Recommended for complex tax situations or if you want to maximize savings.

Step 3: Double-check for Deductions & Credits

Standard vs. itemized deductions
Child Tax Credit, Earned Income Tax Credit, education credits
Retirement contributions, HSA contributions, home office deduction

Step 4: Avoid Costly Mistakes

Ensure names and Social Security numbers are correct.
Report all sources of income to prevent IRS issues.
Review your return before submitting to catch any errors.

Step 5: File Electronically & Choose Direct Deposit

E-filing reduces errors and speeds up refunds.
Direct deposit ensures faster processing compared to paper checks.

Step 6: Track Your Refund or Payment

Use the IRS “Where’s My Refund?” tool to check your refund status.
If you owe taxes, set up a payment plan if needed.

By following these steps, you can confidently file and avoid last-minute stress.

9. Beyond Deductions: More Ways to Get a Bigger Refund

Maximizing your refund isn’t just about deductions—it’s also about smart tax planning. Here are additional ways to increase your refund legally.

Adjust Your Tax Withholding

If you owed money last year, consider adjusting your W-4 with your employer to have more taxes withheld.
If you received a large refund, you may want to withhold less and increase your take-home pay instead.

Contribute More Before the Deadline

If you’re just shy of a lower tax bracket, consider making an additional 401(k) or IRA contribution before the April deadline.
HSA contributions also reduce taxable income and offer tax-free withdrawals for medical expenses.

Claim Overlooked Tax Breaks

Saver’s Credit – For lower-income individuals contributing to retirement accounts.
State-specific deductions – Many states offer additional credits for education, home energy improvements, and more.

File Early to Avoid Refund Delays

The earlier you file, the sooner you receive your refund.
Filing early reduces the risk of tax identity theft, where someone fraudulently files using your Social Security number.

Combining these strategies can help increase your refund and lower your taxable income.

10. Final Thoughts: Get Expert Tax Help from Aldaris CPA

Tax season can feel overwhelming, but filing early, claiming the correct deductions, and avoiding common mistakes can make all the difference.

Key Takeaways:

✔️ Avoid errors to prevent IRS delays.

✔️ Use all eligible deductions and credits to lower your tax bill.

✔️ File electronically for faster processing.

✔️ Work with a CPA if you have a complex tax situation.

For expert guidance, Aldaris CPA is here to help. If you missed Edwin del Carpio’s insights on KIRO 7 News, check out the full interview here:

👉 Watch the Interview on KIRO 7

Get Expert Tax Help from Aldaris CPA

Filing your 2025 taxes correctly is essential to maximize deductions, avoid IRS issues, and keep more of your money. Whether you’re an individual taxpayer, a high-income earner, or a small business owner, working with a trusted CPA can make all the difference.

At Aldaris CPA, we specialize in:
✔️ Personalized tax planning to reduce your tax liability.
✔️ Accurate and stress-free tax preparation.
✔️ Helping business owners and self-employed professionals maximize deductions.

💡 Don’t leave money on the table. Schedule a consultation with our team today!

📩 Contact Us: Schedule a Consultation
📞 Call Us: 206-588-6941

FAQs

1. When is the tax filing deadline for 2025?

The deadline for filing 2024 taxes is April 15, 2025. If you need more time, you can file for an extension, but taxes owed must be paid by the original deadline to avoid penalties.

2. What are the biggest tax deductions people often miss?

Many taxpayers forget about HSA contributions, student loan interest, medical expenses, and business-related deductions. A CPA can help identify overlooked savings.

3. Can I file taxes if I don’t have all my forms yet?

It’s best to wait until you have all tax documents, but if necessary, you can file an extension or amend your return later if missing information becomes available.

4. What’s the best way to check my refund status?

Use the IRS “Where’s My Refund?” tool online or through the IRS mobile app.

5. What should I do if I make a mistake on my tax return?

If you notice an error after filing, you can submit an amended return (Form 1040-X) to correct it.

6. How can a CPA help me get a bigger refund?

A CPA ensures you claim all eligible deductions, avoid errors, and take advantage of tax-saving opportunities that automated software might miss.

Best Tax Filing Tips for 2025

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