Altitude Firm 360 , LLC

✨ Finance Friday Motivation ✨

Don’t wait until “next year” or “when I make more money” to get your finances in order.
The best time to start building wealth was yesterday. The next best time? Today.

💼 Start small.
💳 Be consistent.
📈 Watch it grow.

Drop a 🔥 in the comments if you’re committed to making your money work for YOU in 2025!

💡Tax Tip Tuesday's

Save every receipt! Good recordkeeping = bigger deductions. Don’t leave money on the table this tax season.

Calling all EFIN holders who are looking to secure tax software that is seemless, reliable and easy to use. Altitude TCR has you covered!

Y'all be asking a million questions to business owners who don't have your private information, but nothing to the tax preparers other than how much can you get me back?! Just know once your tax return is signed, you're held liable for what is on it!

An ethical and legit tax preparer should be knowledgeable off the current tax laws. (Tax laws can change yearly!

You should know every fee BEFORE you file!

You shouldn't feel like a burden for asking questions!

If a mistake happens they should be ready and willing to fix it!

You should receive a copy of your accepted tax return!

What is the Earned Income Tax Credit (EITC)?

Earned income tax credit
This earned income tax credit (EITC) is a refundable tax break for low-income taxpayers with and without children.

For 2023 (taxes filed in 2024), the credit ranges from $600 to $7,430, depending on how many kids you have, your marital status and how much you made.

What is the Adoption Credit?

The adoption credit is a nonrefundable tax break that helps taxpayers cover a certain amount of qualified adoption costs per child. The credit begins to incrementally decrease at certain income levels and completely phases once your modified adjusted gross income (MAGI) exceeds the given threshold for that tax year.

For 2023 (taxes filed in 2024), the credit maxes out at $15,950. The credit is phased out at MAGI of $279,230 or more.

What is the Student Loan Interest Deduction?

The student loan interest deduction lets borrowers write off up to $2,500 from their taxable income if they paid interest on their student loans.

What is the lifetime learning credit?

The lifetime learning credit lets you claim 20% of the first $10,000 you paid toward tuition and fees, for a maximum of $2,000. Like the American opportunity tax credit, the lifetime learning credit doesn’t count living expenses or transportation as eligible expenses. You can claim books or supplies needed for coursework.