Tax Law Update Guide
Section 1: Standard Deduction
For tax year 2025, Puerto Rico taxpayers filing federal tax returns have a standard deduction of $15,750 if single, $31,500 if married filing jointly, and $23,000 if head of household.
What is the standard deduction for single filers?
Section 2: Child Tax Credit
The Child Tax Credit is $2,200 per qualifying child, with up to $1,600 refundable as the Additional Child Tax Credit.
What is the refundable portion of the Child Tax Credit?
Section 3: Self-Employment Tax
Puerto Rican taxpayers filing 1040-SS must calculate and pay self-employment tax on net earnings exceeding $400.
What form is used to report self-employment tax in Puerto Rico?
Section 4: SALT Deduction
The SALT deduction limit has increased to $40,000 for married couples filing jointly.
What is the SALT deduction limit in 2025?
Section 5: Clean Energy Credits
Clean energy credits phase out after 2025. Taxpayers installing qualifying systems should claim before 2026.
When do clean energy credits phase out?
This certifies that
[NAME]
has successfully completed the
New Tax Law Change Updates for 2025
Date:
Javier Rivera
Director
Nicholas Bray
Instructor