Every year, countless Americans face the stress of filing taxes on their own. Between new IRS regulations and confusing tax law changes, the process can feel overwhelming—and mistakes can be costly.

This 2025 tax season, Amore Accounting Services LLC is here to simplify the process for you. Our Rhode Island tax professionals provide accurate, reliable, and personalized tax preparation services for individuals and businesses alike.

Let us handle the details so you can focus on what matters most—growing your business, spending time with loved ones, and living life without the headache of tax season.

📞 Call us today at (401) 480-1694 to schedule your consultation and see how we can help you save time and money this year.

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Personalized Tax Services That Fit Your Needs

At Amore Accounting Services LLC, we know that no two taxpayers are alike. That’s why our services are customized, confidential, and judgment-free—built around your specific financial situation and long-term goals.

Whether you’re an individual taxpayer, a freelancer, or a small business owner, our tax experts take a detailed approach to ensure accuracy and compliance while maximizing your deductions and credits.

Our Process:

1. Consultation: We’ll review your finances and discuss your goals.

2. Preparation: Our experts handle every detail of your return with accuracy and care.

3. Filing & Support: We e-file your return securely and remain available year-round for any questions or future planning needs.

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Why Rhode Island Clients Choose Us

• Up-to-date expertise on 2025 tax law changes

• Fast, accurate, and secure e-filing

• Transparent pricing with no hidden fees

• Personalized service from local professionals

• Year-round tax support and planning

This 2025 tax season, trust Amore Accounting Services LLC to handle your taxes efficiently and professionally.

👉 Call (401) 480-1694 or contact us online to book your appointment today.

Stay on Top of Changing Tax Laws When You Use Our Income Tax Services

While our tax system remains a constant, it’s crucial to acknowledge that it undergoes regular changes. Federal, state, and local tax laws are subject to adjustments each year, making it imperative to stay abreast of these modifications. The tax strategy that proved effective for you in the previous year might not yield the same results this time. Why forego potential tax opportunities when we can guide you through the current laws, ensuring you achieve the most favorable financial outcome?

We thrive on embracing these distinctive challenges. Witnessing the positive impact of our work on the financial well-being of businesses and the lives of our colleagues and neighbors is something we cherish.

One Big Beautiful Bill Tax Ramifications

🏛️ Permanent Extensions & Enhancements

• Tax brackets & rates (10–37%) from the 2017 TCJA become permanent, with ongoing inflation adjustments The Washington Post+15Fidelity+15Wikipedia+15.

• Standard deduction remains doubled and is increased for 2025 (e.g., $15,750 single, $31,500 MFJ), indexed thereafter Fidelity.

• Child Tax Credit raised permanently to $2,200/child (indexed) Investors.com+3Fidelity+3Compound Planning Manual+3.

• Qualified Business Income deduction (Sec 199A) made permanent; phase-in range expanded to $75k single / $150k joint; $400 minimum deduction introduced Reuters+7Congress.gov+7fosterswift.com+7.

• Estate & gift tax exemptions raised to $15 million single / $30 million married, inflation‑indexed MarketWatch+8Congress.gov+8AP News+8.

• Mortgage interest cap permanently at $750k debt fosterswift.com+2The Guardian+2Reddit+2.

• Alternative Minimum Tax parameters made permanent with adjusted phase-outs Tax Foundation+4Congress.gov+4Compound Planning Manual+4.

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⏳ Temporary “Middle-Class” Deductions (2025–2028)

All subject to income limits, phase-outs around $150k individual / $300k joint:

• ✅ Tips & overtime pay: up to $25,000 deduction MarketWatch+8brownedwardswealth.com+8Know Your Congress. Know Your Power.+8.

• ✅ New auto-loan interest: up to $10,000 for new U.S.-assembled vehicle  Congress.gov+8Accountfully+8Investors.com+8.

• ✅ Senior deduction: extra $6,000 for age 65+ Investors.com+7Diario AS+7brownedwardswealth.com+7.

• ✅ These expire after 2028.

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💸 SALT Limit Reversal

• State & local tax deduction cap raised from $10k → $40k in 2025, indexed +1% annually through 2029, reverting in 2030 Congress.govCompound Planning Manual+2Investopedia+2Congress.gov+2.

• Phase-outs begin at $500k MAGI; SALT deduction gradually limited for higher incomes Accountfully+2Compound Planning Manual+2Investopedia+2.

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🤝 Charitable Giving Adjustments

• Non-itemizers: $1,000 (single) / $2,000 (joint) above-the-line gift deduction starting 2026 Congress.gov+7Fidelity+7Accountfully+7.

• Itemizers: Charitable deductions now floor at 0.5% of AGI; for high-earners, limited to 35% of donation vs. previous 37% Reuters+5Fidelity+5brownedwardswealth.com+5.

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🌱 Clean Energy & EV Credits Rolled Back

• Phases out or kills most IRA clean-energy incentives: EV credits, combined residential/small clean energy credits, by late 2025–2027 InvestopediaAccountfullyTax Foundation.

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🏦 New “Trump Accounts”

• Introduces tax-advantaged savings for children (≤18), with $1,000 initial deposit by government, $5,000 annual contributions, usable for education, home, or job training Wikipedia.

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⚖️ Fiscal Impact & Criticism

• Estimated to add $3.4 trillion to deficits over 10 years, largely due to extended cuts and reduced clean-energy revenues Diario AS+8The Guardian+8MarketWatch+8.

• Criticized for complexity and disproportionate benefits to high-income taxpayers and corporations

 

Let’s Make Tax Season Easier

Have questions or want to see how I can help you get the most from your 2025 tax return? Don’t hesitate to reach out! Contact me today to schedule your appointment or to learn more about the services I offer.