IMPORTANT TAX ANOUNCEMENTS!

Business income taxes are due March 15th!

The tax filing deadline for 2025 tax year is April 15th!

Upload documents to secure client portal!

Visit our "Prep for tax season" tab

Proudly Serving Our Community

Welcome to G&K Taxes And Accounting. Our main goal is to always achieve a high level of customer satisfaction with the services that we provide.

1 Peter 4:10

Each of you should use whatever gift you have received to serve others, as faithful stewards of God’s grace in its various forms.

Get in Touch

About Us

Our Story

Since being established in 1998, G&K Taxes And Accounting has been known for an unparalleled commitment to customer satisfaction. It’s this standard of excellence that has provided the impetus for us to grow into the business we are today. For more information about our services and how we can assist you during the tax season and beyond, please contact us by phone or email. We sincerely appreciate your business and look forward to serving you.

We look forward to serving you during tax season and beyond.

Tax Prep Checklist

Federal Income Tax Brackets

Marginal rates. For tax year 2025, the top tax rate remains 37% for individual single taxpayers with incomes greater than $626,350 ($751,600 for married couples filing jointly). The other rates are:

35% for incomes over $250,525 ($501,050 for married couples filing jointly).

32% for incomes over $197,300 ($394,600 for married couples filing jointly).

24% for incomes over $103,350 ($206,700 for married couples filing jointly).

22% for incomes over $48,475 ($96,950 for married couples filing jointly).

12% for incomes over $11,925 ($23,850 for married couples filing jointly).

10% for incomes $11,925 or less ($23,850 or less for married couples filing jointly).

State Income Tax

States generally take one of three approaches to taxing residents or taxpayers who earn income in their state.

They don’t tax income at all.
They impose a flat tax. That means they tax all income, or dividends and interest only in some cases,

at the same rate.

They impose a progressive tax. That means people with higher taxable incomes pay higher state income tax rates.

There are nine states that do not levy income tax on income earned in their state.

Alaska.
Florida.
Nevada.
South Dakota.
Texas.
Washington.
Wyoming
New Hampshire
Tennessee

1

Standard deductions. For single taxpayers and married individuals filing separately for tax year 2025, the standard deduction rises to $15,000 for 2025, an increase of $400 from 2024. For married couples filing jointly, the standard deduction rises to $30,000, an increase of $800 from tax year 2024. For heads of households, the standard deduction will be $22,500 for tax year 2025, an increase of $600 from the amount for tax year 2024.

Personal exemptions for tax year 2025 remain at 0, as in tax year 2024. The elimination of the personal exemption was a provision in the Tax Cuts and Jobs Act of 2017.
The standard mileage rates for 2025, effective from January 1 to December 31, 2025, were set by the IRS as follows:
- 70 cents per mile for business miles driven. This rate covers both fixed and variable costs, with 33 cents allocated to depreciation.
- 21 cents per mile driven for medical purposes or moving purposes for qualified active-duty members of the Armed Forces.
- 14 cents per mile driven in service of charitable organizations. This rate is set by statute and remains unchanged.