30 days of Challenging… December a month of the year of 2025 ..
So much for one year… December 30, last year I left and went to BMT, and life wasnt the same… Like, all of the experiences from networks, gigs/work, bank, money, digital platforms, had to find themselves and either get repurposed or alter itself to make into certain environments temporarily… Grateful in the growth of the journey, which is continuous… The endurance and conquering, and progressing.. So much appreciation for those that I still have and time we get together… and those that do the weird things to make sure we know their presence..
As we get ready to make the calendar change its time to assess a few things to help set ourselves to moving into a bigger year with relief, “monetary” “stress” “freedom” “new opportunites”
Tax season is something that help makes looking forward to the next calendar season better, because you know all the perks that can set you up for the rewards of being a good citizen.. I’ve gotten in connections with the people over at Detroit Taxes. (my referral link for contact) and put together a list of popular deductions that can help you get as much possible from your living as a US citizen from your financial experience..
Tax Deductions vs. Tax Credits
- Tax credit: Reduces your tax bill dollar-for-dollar.
- Tax deduction (write-off): Reduces taxable income, which indirectly lowers tax owed.
Applies to 2025 income (taxes due April 2026).
25 Popular Tax Deductions & Credits for 2026
Family & Dependents
- Child Tax Credit – Up to $2,200 per child under 17; $1,700 refundable.
- Child & Dependent Care Credit – Up to 35% of $3,000 (1 dependent) or $6,000 (2+).
- Adoption Credit – Up to $17,280 per child; $5,000 refundable; income limits apply.
- Earned Income Tax Credit (EITC) – $649–$8,046 for low-income filers.
Education
- American Opportunity Credit – Up to $2,500 per student; $1,000 refundable.
- Lifetime Learning Credit – 20% of up to $10,000 in tuition ($2,000 max).
- Student Loan Interest Deduction – Up to $2,500 (no itemizing required).
- Educator Expense Deduction – $300 per educator ($600 joint).
Charitable & Medical
- Charitable Donation Deduction – Up to 60% of AGI (itemized).
- Medical Expenses Deduction – Expenses over 7.5% of AGI (itemized).
Housing & State Taxes
- Mortgage Interest Deduction – Interest paid on qualifying home loans.
- SALT Deduction – Up to $40,000 ($20,000 MFS) for state/local taxes.
- Home Office Deduction – For regular, exclusive business use of home.
Retirement & Savings
- Traditional IRA Deduction – Income/workplace plan limits apply.
- 401(k) Contributions – Up to $23,500; $31,000 if 50+; $34,750 for ages 60–63.
- Saver’s Credit – 10%–50% of up to $2,000 ($4,000 joint).
- HSA Contribution Deduction – Contributions deductible; qualified withdrawals tax-free.
Work & Self-Employment
- Self-Employment Deductions – Mileage, insurance, meals, travel, etc.
- Tip Income Deduction (new) – Up to $25,000; income limits apply.
- Overtime Pay Deduction (new) – Up to $12,500 single / $25,000 joint.
Vehicles & Energy (Limited / Ending)
- EV Tax Credit – Up to $7,500 new / $4,000 used (purchases by Sept. 30, 2025).
- Solar Energy Credit – 30% of costs (ends after 2025).
- Energy-Efficient Home Credit – Up to $3,200 (ends after 2025).
- Car Loan Interest Deduction (new) – Up to $10,000 for U.S.-assembled vehicles; income limits.
Seniors
- Senior Bonus Deduction – Extra up to $6,000 for age 65+ with income limits.
With this said as a quick list of goodies that can get you identifying how you wanna plan for your taxes be sure to hit up my folks at Detroit Taxes… Link is above..
I was thinking to myself forward and wanna leave you with this information so you can get all the deductions before the end of the year..
Affirm: You deserve..
—>Also…Here’s the Special Access Link to Ambrosia Collective— They’ve been giving me flavorful experiences about my workout process…. Click for special access-> Ambrosia Collective<—
“Finish the Year Strong.”
#DecemberChallenge
#DecemberUplift
#Hu$tleChallenge