Premier Tax Solutions

To our clients and potential clients:

Please keep in mind that having a W-2 often results in a higher tax refund.

We understand the appeal of being self-employed, and that’s great! However, if you have W-2s, it’s best to wait until you’ve received them before filing your taxes to ensure you maximize your refund.

Thank you for your patience and cooperation!

💡Tax Tip: Understanding Tax Refund vs. Tax Liability

It’s easy to mix up “tax refund” and “tax liability,” but knowing the difference can help you understand your tax situation more clearly.

📌Tax Liability: This is the total amount of tax you owe to the government based on your income, deductions, and credits for the year. Your tax liability is calculated when you file your return. If your total tax liability is higher than what’s been withheld from your paychecks or paid in estimated taxes, you’ll owe additional taxes.

📌Tax Refund: If you’ve paid more in taxes (through paycheck withholding or estimated payments) than your actual tax liability, you’ll receive a tax refund. This is simply the government returning the excess amount you paid.

🌟So, while tax liability is the amount you owe, your tax refund is the amount returned to you if you’ve overpaid. Think of it like settling a bill: if you’ve paid too much in advance, you get a refund; if you’ve paid too little, you’ll need to pay the balance.

Need help with tax planning? Premier Tax Solutions is here for you year-roundlight!

🛑Now's the time to look at all your software options for the upcoming tax season. Especially if you're unsatisfied with your current setup with the outrageous fees and you’re looking to improve your profitability.

Premier Tax Software is a low-price tax software and comes with handy features for TY24:

Easy-to-use software and a support team who actually cares!

📌Premier Tax Software is made for ALL experience levels!
📌Plus, if you need a hand, we're ALWAYS a phone call away!

📌EFIN holders theres absolutely NO split! You receive 100% of your tax preparation fees!
📌PTIN holders we have options for you as well!

I'm just a phone call away! Contact me at 901-584-6562 if you'd like to discuss options.

Good morning,

Just like every other year, Taxpayers with dependents are under the PATH ACT! Taxpayers with dependents should not expect to see movement on “Where’s My Refund” until this ACT is lifted!

🚨 We now have approximately 6 more days until the PATH ACT is lifted!

❓What does this mean for you❓

Refunds with EARNED INCOME TAX CREDIT (EITC) and ADDITIONAL CHILD TAX CREDIT (ACTC) holds will begin to be released and refund dates will begin to roll out!

The IRS expects most EITC/ACTC related refunds to be available in taxpayers bank accounts by February 27, 2024 for early filers.