According to posts on TikTok and Instagram, you can claim a child as a dependent on your tax return if you pay child support for them. THIS IS NOT TRUE! In most instances, the custodial parent (the parent with whom the child lives) claims the child as their dependent. The non-custodial parent (the parent paying child support) can claim the child as a dependent IF, AND ONLY IF, the custodial parent gives them permission to do so. Permission is granted by providing the non-custodial parent a Form 8332. The IRS can assess penalties of up to 75% of taxes due for knowingly filing a fraudulent tax return. Social media is not the best source of information about tax laws and regulations. If you have any questions about whether you can claim a child as your dependent, please contact us.
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You may have seen or heard reports on social media that tips, overtime pay, Social Security payments and other types of income are no longer taxable. THESE REPORTS ARE NOT TRUE! While President Trump has suggested he'd like to see many changes to the tax laws, including making certain types of income nontaxable, those changes must be made by Congress by passing legislation. Congress has just started talking about changes to the tax law and it will probably be months before legislation is prepared, passed by Congress and signed into law by the President. As you prepare your tax returns reporting your 2024 income and expenses, you must report all income as you have done in the past. If you have any questions about whether a certain type of income is taxable or not, please contact our office.
Taxpayers in Los Angeles County have been granted a postponement to October 15, 2025, to file their 2024 federal and California tax returns and make any tax payments that would have been due January 7, 2025, through October 15, 2025. This applies to all taxpayers located in Los Angeles County, even if they were not directly impacted by the fires.
This includes relief from the following deadlines:
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Federal and state tax laws and regulations change regularly. As we become aware of changes, we will post them here and, if you are a client who has provided us with an email address, we will also email them to you. Archives
July 2025
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