The Internal Revenue Service (IRS) announced new inflation adjustments that could mean larger refunds for many taxpayers next year. For the Latino community in Harrisonburg, this could be a great opportunity to get more money back — if you file your taxes correctly and on time.

Why Is a Bigger Refund Expected?

Experts explain that several factors may increase refunds this year:

• Inflation adjustments: the IRS raised the limits for deductions and credits.
• Outdated withholdings: many employers still use old tables, meaning more money is withheld from paychecks.
• New standard deductions:
  • $16,100 for single filers
  • $32,200 for married filing jointly

In short, you could pay less in taxes and get more money back.

What Does This Mean for Immigrants and ITIN Workers?

If you file taxes using an ITIN, have your own business, or work for yourself, these changes could benefit you even more. At Spera Wise, we've seen how many immigrants in Virginia receive larger refunds simply by filing correctly and reviewing their withholdings.

⚠️ Warning: A Bigger Refund Doesn't Always Mean More Money Earned

A large refund is not a "prize" from the IRS — it's money you paid during the year. That's why it's ideal to plan so you don't overpay on your withholdings. This way, you have more money each month, not just at the end of the year.

How to Prepare Starting Now

• ✅ Review your 2025 income and expenses. Keep invoices, receipts, and proof, especially if you work independently.
• ✅ Update your ITIN. If it expired, renew it before January to avoid delays in your filing.
• ✅ Consult with a trusted preparer. A mistake on your taxes can delay your refund by months.

At Spera Wise We Help You

At Spera Wise, we support our Latino community in Harrisonburg and across the United States with:

• Professional tax and ITIN preparation
• Accounting consulting for small businesses
• Certified translations and support with IRS forms
• Clear explanations in Spanish and Portuguese

💬 Contact us today so your next refund works in your favor.

📍 Spera Wise – Immigration, ITIN and Taxes in Harrisonburg

(We are not lawyers and do not provide legal advice.)