- Common tax benefits include the Standard Deduction. In 2025, the standard deduction increased to USD 15,000 and is adjusted annually based on the Consumer Price Index (CPI).
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Most Taiwan–U.S. dual-national clients can claim the Foreign Tax Credit. If taxes are paid overseas, the tax paid to the source country may be used as a credit against U.S. tax. Note that the same item of foreign income cannot be used for both the Foreign Tax Credit and the Foreign Earned Income Exclusion.
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The Child Tax Credit is a partially refundable credit that allows low- and middle-income families to reduce their tax liability by up to USD 2,000 per qualifying child.
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The Earned Income Tax Credit (EITC) introduced certain new rules for taxpayers affected by the pandemic in 2021. In addition, EITC eligibility requirements vary from year to year. Taxpayers can use the IRS EITC Assistant to determine whether they qualify. Note that taxpayers filing “married filing separately” are not eligible to claim the EITC.
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With many years of filing experience, Joy Yang has assisted numerous clients with tax filings and, based on each client’s circumstances, applied different deduction and credit strategies to help clients reduce their tax burden effectively.