If you are checking the status of your refund and you get the message above, don’t panic.  This is what is being called the PATH Act message.  All this means is that you are receiving either the Additional Child Tax Credit Or the Earned Income Credit.  Under The PATH Act the IRS will not begin […]

Tax deductions can be a confusing and intimidating topic for many people. However, understanding the basics of tax deductions can help you save money and maximize your tax return. Here are some tips to help you understand tax deductions: 1. Know the Difference Between Tax Credits and Tax Deductions: Tax credits are a dollar-for-dollar reduction […]

The American Opportunity Credit is a tax credit designed to help students and their families pay for college. It is available to those who are enrolled at least half-time in a degree or certificate program and have not yet completed their first four years of college. The credit can be used to cover tuition, fees, […]

Child tax credits are an important part of the tax system, providing financial support to families with children. The credit is designed to help offset the costs of raising children, such as childcare, medical expenses, and educational costs. It is also intended to help reduce the financial burden of raising children on low-income families. The […]

With everything going on in the world Filing your taxes is the last thing anyone wants to deal with.  So just call our office 714-835-0840 and with just a little info we can get your extension filed today for free. As of now the State of CA has extended tax interest and penalties for the […]

There was a good article going over the facts of the new tax plan that where announced this morning.  I have attached the key points that would affect our clients and also removed any statement that seems biased.  I just wanted to present the facts so here they are. The House bill consolidates those into four […]

President Trump has just announced the outline for his tax reform and as a tax pro i just wanted to break it down as simple as i could so most people would understand what he is talking about. There is no opinion in this breakdown just a simple reiteration of the key factors that will […]

We recently did an interview with regards to undocumented immigrants filing tax’s. Thank you to Infinity Insurance for taking the time to address this topic and informing as many as they can. Infinity Investigates: Latinos and Taxes Infinity has a great network of independent insurance agents who sign people up for Infinity Insurance and get […]

Tax season is for many a time of dread and sadness. For others, it’s a time full of excitement as some of the cash taken out of your check during the year is about to come back and land in your bank account. This year like many in the past is full of new changes […]

Do you drive for Uber or Lyft and are wondering “how do I report this on my taxes?” or “I made to much money driving, the IRS is gonna screw me!” Do not worry my rideshare driving friend; Palmer Income Tax is here to help. Sense the beginning of Uber and Lyft we have been […]