Standard Deduction Increase
Standard deduction now permanent: $15,750 (single), $23,650 (HOH), $31,500 (MFJ). These amounts adjust for inflation. Personal exemptions for yourself, spouse, and dependents are eliminated.
Continue reading →Dependable, affordable & fast. We're on your side!
Next deadline
3rd Quarter Estimated Tax Payments + Corporate & Partnership Extensions
September 15, 2026
Tax Changes for 2026 returns
What changed this year
Child Tax Credit Update
Child tax credit rises to $2,200 per child under 17, adjusted for inflation. Refundable portion now $1,700. Phase-out starts at $75K.
Continue reading →$6,000 Temporary Deduction for Seniors
Seniors 65+ get an extra $6,000 deduction (2025–2028). Couples where both are 65+ can claim $12,000. Phase-out above $75K.
Continue reading →No Tax on Tips
New tip deduction: up to $25,000 (2025–2028) for qualified tips from traditional tipping jobs. Phase-out. Not for all service trades.
Continue reading →Overtime Pay Deduction
Deduct up to $12,500 in overtime pay (2025–2028). $25,000 for joint filers. Reported separately on W-2. Phase-out above $150K.
Continue reading →State and Local Tax Deduction Limit (SALT)
SALT limit now $40,000 (was $10,000). More may itemize.
Continue reading →Deduct Car Loan Interest
Car loan interest: up to $10,000/year (2025–2028). US-assembled only. Phase-out starting at $100K.
Continue reading →Casualty Loss Deduction
Deduction limited to federally declared disasters (permanent). Starting 2026, state-declared disasters also qualify.
Continue reading →Trump Accounts (Child Savings Accounts)
Child savings accounts: $5,000/year limit. Treasury gives $1,000 for kids born 2025–2028. Not deductible; withdrawals taxed.
Continue reading →Moving Expenses
Moving expense deduction permanently repealed (except military/intelligence). Employer reimbursements now taxable.
Continue reading →Coming soon
Future tax changes
Home Mortgage Interest Deduction
Beginning in 2026, the Act treats mortgage insurance premiums (PMI) as qualified residence interest.
Continue reading →$1,000 Charitable Deduction
Taxpayers can deduct up to $1,000 in charitable donations beginning in 2026, regardless of whether they itemize. This is a permanent tax change.
Continue reading →More Taxes on Gambling
Gambling losses capped at 90% (was 100%). Only deductible against winnings.
Continue reading →Fee schedule for 2025 tax returns
Straightforward pricing
All charges include free Electronic Filing of Minnesota and Federal Tax Returns — no Refund Anticipation Loan upcharges.
Simple with one W-2 or 1099-R
- Short Forms — Federal and MN$69
- Minnesota Rent Credit — first CRP$23
- Each additional CRP$6
- Property Tax Refund (M-1PR), starting at$50
- Additional W-2, 1099-R, W-2G or Social Security$8 each
Upgrade to itemized deductions
- Federal with Itemized Deductions (+$2 per entry)+$22
- Minnesota with Itemized Deductions+$12
Childcare & MN Education credits
- Child Care Credit — Federal and MN$28
- (New) MN Child & Working Family Credits$24
- Minnesota K-12 Education Credit$24
Earned Income, Child & Education credits
- Earned Income Credit$55
- Federal Education Credit ($20/student)$10+
- Child Tax Credit$19
- Checklist Form 8867 (required once)$24
About us
Family-run since 1991
Deziel's has been serving taxpayers in the Twin Cities area of Minneapolis and St. Paul since 1991. We specialize in self-employed and small-business tax returns for artists, writers, musicians, performers, and related production workers. We also do returns for many other independent businesses.
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Resources
Filing reminders for businesses
1099s
The IRS is intensifying compliance pressure on businesses and property owners. Learn critical filing deadlines, penalties, and reporting requirements for 1099s and 1099-MISC forms, plus essential mailing information for Minnesota filers.
W-2s
If you paid wages to employees, you must file W-2s by January 31st. Discover critical filing deadlines, proper mailing procedures, e-filing options, and Minnesota-specific requirements to ensure compliance and avoid penalties.
Refunds
Check on your refund
In prior years the IRS would give an expected day for your refund to arrive. With recent changes the only thing they are saying is that it should come in about 3 weeks. Minnesota should be more prompt.