La Pine Tax Service
Hours: Monday - Thursday 9 - 12 or by Appointment
Locally owned and operated since 1993, La Pine Tax Service specializes in tax preparation for individuals, sole-proprietors, corporations, partnerships, trusts, and estates. We look forward to assisting you with your accounting and tax needs.
The tax deadline for personal returns is April 15, 2025. Corporations, Partnerships, and Trusts are due March 15, 2025.
Changes for Individuals – Oregon will not have a kicker this year as they occur every biennium. If you have a child, please plan on filling out a short questionnaire for each child when you come in to drop off your return information. New or used electric vehicles may qualify for a tax credit. Please bring in your purchasing documents to qualify for any energy efficient credits. In 2024, eligible buyers of electric vehicles will be able to receive the credit at time of purchase instead of waiting for their tax return to be processed the following year. Please bring in your purchasing documents if you did purchase one. For 2024, 1099’s will be issued to anyone that received more than $5,000 from a third-party service providers like E-bay, Venmo, PayPal, Zelle, etc. These will need to be reported on the tax return’s if received. The refundable child tax credit did increase from $1,400 to $1,700 for 2024.For 2025 moving forward, if you have a 529 college savings plan that has unused amounts in it, you may be able to transfer those funds to a Roth IRA if held for at least 15 years in the fund. You may also pull $1,000 out of your IRA if under 59 and not pay the 10% penalty as an early withdrawal if it is for an emergency personal expense distribution. A new provision allows an additional catch up contribution for 401K's for people age 30-63 by an additional $3,750. This is in addition to the $7,500 catch up that is allowed for people 50 and older.
Please browse the pages of this site and feel free to e-mail any questions, suggestions, or other feedback. Visit often as current news impacting your financial situation will be outlined here.
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