Need help preparing and filing your taxes this 2026 tax season? Annual taxes have an uncanny way of making even a calm, rational person spin into a frenzied state. One minute, everything is smooth sailing, and the next, you’re staring at forms, deadlines, and lots of fine print, wondering where to begin.
Residents and business owners in Villa Rica, Georgia, often ask our business and personal tax prep experts the same questions year after year. Do I even need to file? What bracket am I in this year? Am I missing a deduction that everyone else seems to know about? Are there any new credits or changes to current credits?
This is exactly why our team at RWB Tax Service decided to write this helpful FAQ guide covering tax basics. Here, we cover the most common questions Georgia filers ask every tax season, so our friends and neighbors have the facts they need to face tax prep head-on.
Most people who live or work in Georgia should file a Georgia State tax return. If you earned income during the year and that income is taxable, Georgia will expect a return from you. Types of taxable income that are applicable are:
Even if your income seems low, filing can still matter. Oftentimes, taxes have been withheld from your paycheck, and filing is the only way to get that money back. Generally speaking, filing your taxes annually keeps you compliant and could help avoid receiving confusing letters from the Georgia Department of Revenue in the future.
There are a few situations in which someone might not need to file, such as very low income levels or specific tax-exempt scenarios. Still, many people choose to file simply to err on the side of caution and keep their records in compliance. Need tax help? RWB Tax Service in Villa Rica, GA, is happy to assist you with all of your tax needs.
In April of 2022, Governor Brian Kemp signed House Bill 1437, which switches Georgia's tax system from a bracketed income tax to a flat-rate tax. This change was implemented beginning with the 2024 tax season. The goal of a flat-rate tax system was to eliminate the old system of multiple tax brackets, thereby simplifying tax filing for Georgia earners. Instead of multiple brackets that change as your income grows, Georgia now uses a single rate across the board.
For recent tax years, Georgia’s flat income tax rate has been 5.49%, with plans to gradually lower it in future years if certain revenue goals are met. What this means for you is that everyone’s taxable income is taxed at the same percentage, with no sliding scale to calculate.
Currently, Georgia’s flat tax rate is 5.19%, effective July 1, 2025. Keep in mind, this rate applies after deductions and exemptions, not to your total gross income. Once everything has been factored in, you often end up paying a significantly lower amount than expected.
Georgia follows the federal tax calendar to make it easier to keep up with tax filing deadlines. Most years, the deadline to file your Georgia state tax return is April 15th. However, if April 15th falls on a weekend or holiday, the deadline is usually extended to the next business day. This applies automatically, so you don’t need to take any additional actions in this case.
Missing this deadline can lead to penalties and interest, so make sure to mark your calendar or set a reminder well in advance.
Yes, Georgia does allow filing for extensions, and the process is fairly painless. If you file a federal extension, Georgia automatically honors it. No extra state form required. It’s important to note that while an extension allows you more time to file your paperwork, this extension does not give you more time to pay.
If you anticipate you’ll owe taxes, you will still be required to send in an estimated payment by the original deadline to avoid costly penalties and interest. The purpose of an extension to file is to allow you a little extra breathing room when it comes to calculations and submitting forms, not an extension of when payment is due.
Most Georgia residents file using Form 500, the Individual Income Tax Return, which covers wages, deductions, credits, and everything else most filers need.
Nonresidents and part-year residents use Form 500-NR to report income earned only in Georgia.
Additionally, some filers may require additional schedules depending on their situation, such as itemized deductions or retirement income exclusions.
If you’re using tax software, it usually selects the correct forms automatically, but if you are filing by paper, proactively double-checking that you’re using the correct form type will save you from headaches later. Sometimes, calling in the tax preparation professionals can greatly alleviate the dreaded annual stress many experience related to all things related to tax help.
If you run into any tax questions when attempting DIY tax preparation, RWB Tax Service in Villa Rica, GA, is just a phone call away at (770) 456-9980. Our tax experts remain up to date on the latest state and federal tax regulations.
What Deductions and Credits Are Available in Georgia?
Georgia offers a mix of deductions and credits that can lower your tax bill, sometimes by a surprising amount. Some of these tax credits and deductions may reduce taxable income, while others directly reduce the tax owed. Here are a few common tax deductions and credits many Villa Rica, GA, filers use:
Eligibility depends on income level, age, filing status, and several other factors. Taking the time to read about and understand credits and deductions that could be applicable to you can prove to be beneficial to your Georgia tax filing.
Waiting for a tax refund can feel a bit like watching water boil. Georgia makes it fairly easy to check on progress through the Department of Revenue’s online refund tracker. You’ll need your Social Security number, filing status, and the exact amount of your expected refund.
Once the required information is entered, the system will provide the current status of your tax return, from return received to refund issued. Refunds usually arrive faster when you file electronically and choose direct deposit. Paper returns and mailed checks take longer, so patience helps in those cases. Before checking the status of your return, the website recommends waiting 2-3 weeks for processing time after submission.
Owing taxes is never ideal, but it’s also not the end of the world. Georgia provides several options for handling a balance due. If you can pay the full amount by the deadline will avoid penalties and interest accrual. If paying the balance all at once isn’t realistic, Georgia offers payment plans that spread the cost over time.
When taxes are owed:
Communication is key. The sooner you respond to these notices, allows for more flexibility and far less stress.
Learn more about your options when you owe the IRS with our blog: Tax Relief Options in Georgia When You Owe More Than You Can Pay.
Mistakes happen. From a missing form, a mathematical error, or forgotten income can drastically throw your tax return off. Luckily, Georgia allows amended returns, making it possible to correct any errors.
To correct a return, you’ll need to file Form 500X, which shows the original numbers alongside the corrected ones. You can amend returns for several years back, as long as you’re within the allowed time frame.
If the mistake results in a refund, you’ll receive the difference. In the event the error results in a higher amount than what you originally owed, you can minimize any additional fees by paying as soon as possible. Either way, the sooner you make corrections, the better.
Georgia is considered fairly retirement-friendly, especially for older residents in the Villa Rica and Carroll County area. The state of Georgia offers generous exclusions for retirement income, including pensions, IRAs, and other qualified plans.
The amount excluded is largely based on age. Once you reach certain age thresholds, a large portion of retirement income can be excluded from Georgia's taxable income. This can significantly reduce, or possibly altogether eliminate, state tax liability for retirees.
Careful withdrawal planning can make a significant difference in retirement taxes, and many retirees review their income sources each year to remain within exclusion limits. Contact RWB Tax Service if you need tax help with your retirement income.
Nonresidents who earn income in Georgia need to file a Georgia return. This includes receiving wages from a Georgia employer, income from property located in the state, or earnings from a Georgia-based business.
Only income connected to Georgia gets taxed. Income earned elsewhere is not included in the calculation. Form 500-NR is designed specifically for this situation and helps separate Georgia income from everything else. Part-year residents fall into a similar category and also use the nonresident form to accurately report income.
Here’s some good news: Georgia does NOT tax Social Security benefits. Income from Social Security is fully excluded from Georgia's taxable income, regardless of age or total earnings. This tax perk is one reason many retirees appreciate living in Georgia.
Combined with retirement income exclusions, exempting taxes on Social Security benefits means state taxes remain fairly low during retirement years. Although federal taxes may still apply, Social Security stays untouched by the state of Georgia.
Not everyone needs a tax professional, but in certain situations, recruiting help with taxes can be beneficial, saving you time, headaches, and possibly money. If your taxes involve multiple income sources, business ownership, rental properties, or major life changes, having expert tax guidance can make tax season feel like less of a hassle.
On the other hand, many Georgia residents file successfully using tax software or simple forms. If your income comes from a job or two and your deductions are straightforward, self-filing often works just fine. Ultimately, the decision comes down to your comfort level. If filing taxes feels overwhelming or stressful every year, RWB Tax Service can provide you with peace of mind, knowing your taxes are filed correctly and in compliance with ever-changing rules and regulations.
Georgia’s tax system isn’t as intimidating as you may have initially thought. Once you understand the basics, filing state taxes in Georgia becomes more routine and less stressful. Deadlines are consistent, there is a flat tax-rate, and many exclusions can help lower your final amount owed.
As long as you stay organized, remember to file on time, and ask for tax help when things feel confusing, filing taxes doesn’t have to feel like such a daunting task. With the right information, a little preparation, and tax help from your local Villa Rica, GA, team of tax professionals at RWB Tax Service, filing just became a whole lot easier! Call us today at 770-456-9980 for answers to your tax questions, or if you want to simplify the process of yearly personal or business tax prep!
If you live in Carroll County, Georgia, but work across state lines, you already know that your daily commute can bring more than just traffic. Working across state lines can also bring a tangled web of tax regulations. Unlike people who live and work in the same state, cross-border workers often face the challenge of filing taxes in multiple states, navigating differing tax laws, withholding and deduction rules, and tax reciprocity agreements (or the lack thereof).
The good news is you don’t have to figure it all out alone. Our team of tax advisors at RWB Tax Service in Villa Rica, GA, is here to help cut through the confusion. We have helped countless Carroll County residents with tax planning, multi-state tax consulting, and ensuring tax compliance across state lines.
In this guide, we’ll break down the purpose of multiple state taxes, expectations from the Carroll County Tax Commissioner, and how to avoid common pitfalls regarding multi-state tax withholding. If you need help with your multi-state taxes, make an appointment by calling (770) 456-9980 or submitting our online contact form today.
Initially, most people are confused about why they have tax obligations in multiple states. For example, you may live in Carroll County, but your job could be just over the Alabama state line; or you may be working remotely from your home in Villa Rica, GA, but your employer is located out of state. When it comes to tax liabilities, states aren’t concerned with the location of your couch or where your car is parked during your off hours; the concern is where the income is considered to be “earned.” This caveat is where the lines can become blurred.
Perhaps you did job training or had temporary work assignments in another state, or worked for a company that operates across state borders, when all of a sudden, you notice that your paycheck reflects these tax deductions. Even a short inter-state move into or out of Villa Rica, GA, during the year can trigger tax obligations from multiple states asking you to file.
A state’s main objective, when it comes to taxes, is to recoup any taxable income it’s entitled to. If your work or living arrangements change during the year, you’ll be faced with multi-state tax obligations come tax preparation time. Multiple state taxes are common for people in bordering areas or for those who work for companies spanning across multiple states. Usually, once you understand the tax implications of multi-state taxes, things start to fall into place.
Determining your residency makes a significant difference in how your state’s tax laws are handled. Georgia groups people into categories, such as full-year resident, part-year resident, and nonresident. How your income is taxed is determined by which category you fall under. If you live in Carroll County for the entire year, you’re considered a full-year resident of Georgia, even if you worked in another state. Here are a few more scenarios:
Be sure to regularly check your tax withholding forms because sometimes your employer may withhold tax for the wrong state, which can be easily missed if you’re only reviewing withholding forms when tax preparation season rolls around.
When you gain knowledge of which state considers you a resident and for how long, it will be easier to figure out what each state expects of you, helping to avoid multi-state tax complications when filing.
Income sourcing is often the most significant source of stress for most people. Many states will tax income generated within their borders, so the key is understanding where the work itself took place. At RWB Tax Service in Villa Rica, GA, we’re in the business of helping Carroll County residents determine their source of income, plan for taxes, and understand different state tax laws, making tax preparation less stressful.
If you commute from Villa Rica or Carroll County, GA, into a bordering state every day, this state considers any income earned within its borders taxable. If you split your time working between multiple states, each state gets a portion based on the number of days you were physically working there.
Remote work adds a slight complication, but the idea remains the same. What’s most important is where the work was performed, not where the company is headquartered.
Carroll County freelancers, contractors, and individuals with side jobs may be more affected by income sourcing because they may have clients across multiple states, and each invoice may be tied to a different location. Once you understand that where you were physically while earning income is a major determining factor, the whole picture becomes much clearer.
Tax credits save people from paying double tax on the same income.
If you reside in Carroll County, GA, but earned income in another state, Georgia generally gives you credit for the tax you’ve already paid elsewhere. This income tax credit prevents you from being taxed twice on the same money. The amount isn’t always split perfectly, but it does help soften the blow.
The tax credit usually shows up on your Georgia state return, not the state where you earned income. This means you will first need to file the nonresident return, see how much you owe there, and then the Georgia state return should apply a credit to balance out the amount owed.
Although this doesn’t magically eliminate every dollar paid in taxes, the credit prevents you from being hit twice at full price, which many Villa Rica residents find helpful.
Remote work laws have been rapidly shifting since more people started working from home. Some states have created special state tax laws that base taxable income on the employer’s location instead of your physical location (if the work you’re doing is considered “convenient” for the employer).
This adds yet another complex layer for employees residing in Carroll County but employed by companies in other states, especially if these tax laws apply to the state where your employer is located. It can be confusing because it would make more sense that the state in which you’re remotely working would be entitled to your taxable income, right?
Unfortunately, not all states view it from that angle. These state tax laws can allow states to pull you into their tax system even if you never cross state borders.
By identifying if your employer’s state implements these remote work laws, you’ll have a better understanding of how multi-state taxes apply to you, preventing surprises during tax filing season. As remote work continues to grow, more states are adjusting their policies, so it’s important to stay informed of any changes.
Your W-2 reflects how much your employer withheld during the year, and multi-state wages can make this form more difficult to understand. If you worked across state lines or remotely for an out-of-state company, the state wages and tax sections may not accurately reflect your earnings. Routinely checking your W-2s and tax withholding forms is a vital step in tax planning, helping you avoid costly penalties.
You should closely monitor which state your employer is withholding taxes from, because sometimes bookkeepers use the company’s default location instead of your actual work location. This can lead to excessive tax withholding in one state and insufficient withholding in another.
Another good tax planning strategy is checking your pay stubs throughout the year. This is far easier than trying to course-correct after the fact. If anything looks incorrect, contact your payroll department as soon as you notice it, rather than waiting until tax preparation season rolls around.
Your W-2 might also list multi-state taxes if you’ve physically worked in more than one state. This is normal and doesn’t typically mean there’s been an error; it simply indicates you’re required to file taxes for each state, and the tax credit system will balance out the numbers on your Georgia return.
Many Carroll County residents panic when they learn they need to file more than one state tax return. The natural assumption is that a multi-state tax means two full tax bills, but that’s usually not the case.
When you file a nonresident return in the state where income was earned, it’s just a way to ensure that state is able to collect its portion of taxes owed. Your Georgia state return then provides a credit for taxes paid outside the state.
This process keeps your income from being taxed twice at the full rate. You end up paying a total amount that aligns with Georgia’s overall tax level in most cases, except for a little extra calculation.
Reciprocal arrangements are among the more user-friendly features of multi-state tax rules. Some states work out arrangements that allow residents to only pay taxes to their home state, even if they work in a neighboring state. If you need help determining whether reciprocal arrangements may apply to you, contact RWB Tax Service, your Carroll County tax experts, conveniently located in Villa Rica.
Since Carroll County borders Georgia and Alabama, these reciprocal agreements can simplify multi-state taxes. Instead of filing a nonresident tax return every year, you may only need to file for Georgia state taxes, as long as you’ve submitted the correct form to your employer.
These tax arrangements don’t apply to every state, and participating states are very specific about how they work. These agreements apply only to wage income and usually require paperwork submission at the employer level, so make sure your payroll department knows to withhold taxes for your home state only.
In the event the form wasn’t filed or processed improperly, you could still get stuck with tax withholding for both states, which means you’ll be on the hook for filing multi-state taxes. When a reciprocity agreement applies to your situation, the process becomes much easier to manage.
Good recordkeeping is your best defense (and biggest time-saver) when dealing with multi-state taxes and tax planning in general. If you live in Carroll County but work in another state (or work remotely for an out-of-state employer), following these simple tax strategies can make multi-state taxes less of a burden:
Maintaining clear, consistent records not only helps you file accurately, avoiding costly tax implications, but can also help you confidently take action in the event your compliance with multi-state tax compliance is ever questioned.
There’s a point when managing multi-state taxes can shift from “challenging but manageable” into “throwing in the towel, time to call in the tax experts”. This is where our tax planning consultants at RWB Tax Service, located in Villa Rica, GA, step in to guide you through the confusion!
If you’re dealing with multiple states, navigating remote work laws, unusual tax withholding activity on your W-2s, or income that moves around a lot during the year, recruiting help from our tax professionals can save you countless hours, keeping you tax-compliant and avoiding costly mistakes.
At RWB Tax Service, our Carroll County tax professionals understand how states interact with each other and can confidently walk you through all things tax credits, state tax residency rules, and income sourcing without missing a beat.
We ensure your returns are prepared and submitted in the correct order, as credits only work when returns are prepared properly. So, if you’ve moved in or out of state mid-year, have multi-state business income, or have received tax letters from multiple states, our tax experts at RWB Tax Service, in Villa Rica, GA, are here to help!
Recruiting professional help in Carroll County when it comes to multi-state taxes is an extra assurance that you’re filing correctly when complications arise and confusion sets in. Tax preparation done correctly from the start can help eliminate the likelihood of tax audits, keeping you compliant when it comes to multi-state planning.
At the end of the day, multi-state taxes can seem intimidating, but once you understand how the pieces fit together, the picture zooms into focus. Employees living in Carroll County and working across Georgia state lines are incredibly common, and so is filing multi-state taxes.
If you need help preparing and filing your multi-state taxes in Carroll County, our tax experts are here to help, no matter the complexity. Call RWB Tax Service in Villa Rica, GA, today at 770-456-9980 for trusted professional help filing your multi-state taxes.
So, you just received an official letter from the Georgia Department of Revenue saying you owe more in taxes than you can afford right now. Your heart sinks, your mind begins to spiral, and you think, “How on earth will I pay this?”
Take a deep breath. You’re not the first person in Georgia to be in this boat, and you definitely won’t be the last. The good news is you’ve got tax payment options. The Georgia Department of Revenue offers several ways to make tax debt more manageable. Some tax payment options let you pay over time, others may reduce your total bill, and others pause collections while you get your finances sorted out.
In this post, we’ll discuss what tax relief options are available when you owe more than you can pay in Georgia. For further support navigating tax payment options, connect with RWB Tax Services at (770) 456-9980 today.
An installment agreement involves setting up a payment plan with the state of Georgia. Instead of paying your bill in one lump sum, this tax payment option allows you to make smaller monthly payments until it’s paid off. Georgia’s Department of Revenue (DOR) offers tax relief by allowing taxpayers who are unable to pay in full to request an Installment Payment Agreement.
This is a fairly straightforward process for tax relief. You apply online through the Georgia Tax Center and will propose a monthly amount that you can afford. The DOR then reviews your request and decides if it’s reasonable based on your income and expenses. Upon approval, you’ll be expected to make agreed-upon payments on time each month until the balance is paid in full.
Keep in mind that interest and penalties will still accrue while you’re on this tax relief plan; however, this benefit helps you avoid aggressive collection actions, such as wage garnishments or bank levies. An Installment Payment Agreement allows you the ability to remain current while paying down past tax debts.
It’s important to note that Georgia can cancel any tax relief agreement if you fall behind again, so make sure not to miss deadlines, skip payments, or ignore any new tax bills that may arise.
An Offer in Compromise is an agreement with the state of Georgia that allows you to pay less than you owe. Georgia’s Offer in Compromise is a tax relief program that allows taxpayers to settle their tax debt for a reduced amount if they’re truly unable to pay the full balance.
Although not easily approved, this tax payment option can be life-changing for those who do qualify. The state considers your financial situation (income, assets, debts, and living expenses) to determine whether collecting the full amount is realistic. If they conclude it’s not a feasible option, they may consider accepting a lump-sum payment for a smaller amount and forgiving the remaining debt.
There are three main reasons Georgia might approve an OIC as a tax relief option:
The process of applying for an OIC is quite in-depth. You’ll need to submit supporting documents, such as pay stubs, bank statements, and a detailed breakdown of monthly expenses. If your Offer in Compromise is accepted, you can walk away with a clean slate once you’ve paid the agreed-upon amount. Although this process can be grueling, the results are often worth it.
When tax deadlines are missed, the penalties can pile up fast. Sometimes, they add up to more than the actual tax bill itself.
You might be able to waive some or all of these incurred penalties through a penalty abatement. Georgia allows taxpayers to request a reduction or removal of penalties if there’s a legitimate reason for falling behind. You must be able to prove that you had “reasonable cause.” This could include things such as:
Georgia doesn’t automatically offer tax relief via penalty waivers, so you’ll need to write a letter or file a formal request explaining your situation. Be honest, be specific, and include proof when you can.
If it is deemed that the situation was out of your control, the Georgia Department of Revenue can remove these penalties and even reduce some of the interest tied to them. Although this tax relief option doesn’t magically erase your debt, penalty abatement can make your balance much more manageable.
If you’re truly struggling to make ends meet, Georgia may temporarily pause collection efforts through a hardship deferral program, also known as currently not collectible status. It’s meant for people who genuinely can’t pay anything without risking their basic needs like food, rent, or utilities.
In order to be considered, you’ll need to show irrefutable proof of your financial hardship. This includes providing records of income, monthly expenses, and supporting documents to help strengthen your case. If approved, Georgia’s Department of Revenue will temporarily halt debt collection efforts.
This by no means erases the debt. Interest still accrues in the background, but you won’t face levies, garnishments, or aggressive letters while your hardship status is active. This tax relief deferral is designed to allow people time to financially stabilize before Georgia resumes collections. It’s like a temporary pause button when life hits you hardest.
Sometimes, you may find yourself facing tax debt to the IRS, in addition to state taxes. You’ll be glad to know that the IRS has similar relief options designed to work alongside Georgia’s.
You can apply for an IRS payment plan that allows you to pay your federal taxes over time. The IRS offers a federal Offer in Compromise program that’s almost identical to Georgia’s. If you qualify at the federal level, it’s also worth checking your eligibility at the state level.
There’s also a tax relief option called Currently Not Collectible (CNC) status with the IRS. If you’re able to prove that paying your tax debt would make it impossible to afford necessities like food or housing, the IRS may temporarily halt collections.
Additionally, if your current or former spouse was the cause of this tax problem, Innocent Spouse Relief can protect you from being held responsible for their portion of the debt under certain conditions.
If you cannot pay your Georgia taxes, things won’t unravel overnight, but they do get worse the longer you wait. The Georgia DOR adds interest and penalties almost immediately after the due date. Over time, that amount can quickly snowball out of control.
If you continue to ignore the debt, the Georgia Department of Revenue will eventually move to aggressive collections. At this stage, the following actions may be taken:
Multiple warnings often precede these extreme measures. Ignoring or avoiding tax-related letters puts you on a fast track to losing control over your finances and assets.
Once a lien or levy has been established, it’s much harder to correct course, so this is where it pays to be proactive. Most people don’t realize that simply ignoring their tax debt won’t make it disappear. In fact, it grows exponentially. Interest, late fees, and penalties continue racking up until it feels impossible. Even if you can only afford a small monthly payment, it’s better to take action now than to wait until your balance doubles.
If you’re reading this and thinking, “Okay, but where do I actually start?”. Here’s a simplified version of what actions to take next. First, make sure you’ve filed all required tax returns. The Georgia DOR won’t consider any tax payment options if your filings aren’t up to date. Even if you’re unable to pay, file anyway; doing so will keep you compliant.
Next, get organized. Write down your income, expenses, assets, and debts. This helps you figure out how much you can realistically afford to pay monthly and makes filling out applications easier. Visit the Georgia Department of Revenue website and apply for a payment plan. It’s the easiest tax relief option to start with and helps buy you some time. If the minimum payment is still too much for your budget, consider an Offer in Compromise or a hardship deferral. If you’ve been hit with multiple penalties, you can also request penalty abatement for additional tax relief.
Remain consistent in communicating with the Georgia Department of Revenue. Promptly respond to letters and emails, even if you’re not able to pay. Showing effort and a willingness to rectify your tax debt can be beneficial to your case. Whatever you do, remain current on this year’s taxes, because we’re trying to solve problems, not add to them.
When To Seek Professional Help for Tax Relief in Georgia
For many, the tax system can feel like a maze. Tax attorneys, enrolled agents, and certified public accountants (CPAs) know how to navigate Georgia’s relief programs and work to negotiate on your behalf. They handle the paperwork, communicate with DOR agents, and make sure your applications are solid.
Although hiring a tax professional sounds like an added expense, consider it an investment in your financial future. Hiring a tax expert could save you thousands in penalties or help negotiate a much smaller payment. There are also low-cost or free resources, such as Georgia Legal Aid or Low-Income Taxpayer Clinics (LITCs), that can guide you through the process.
If you have a large amount of tax-related debt, a complex situation, or are already facing collection actions, it’s time to call in your local tax experts at RWB Tax Service in Villa Rica, Georgia, at 770-456-9980. Let our experts guide you through this stressful time, so you don’t have to do it alone.
Owing more than you can pay in taxes can feel terrifying, but Georgia offers several ways to get back on track. From flexible payment plans to Offers in Compromise to help cut your total balance, there are several options. In extreme cases, you may be able to request penalty relief or a temporary hardship pause.
Tax problems won’t fix themselves, but they are fixable. The most important thing you can do now is take action. Call our tax professionals at RWB Tax Service today at 770-456-9980 to discuss your next steps after receiving a letter from Georgia DOR or the IRS. We’ll help you explore your tax relief options so you can move forward with confidence.
If you’re seeking stress-free personal tax prep in Carrollton, GA, you’re in good hands with RWB! At RWB Tax Service, we make tax season simple. Our team takes the guesswork out of filing, helps you avoid costly mistakes, and makes sure you’re getting every deduction and credit you deserve.
From basic W-2 filings to more complex tax scenarios involving investments, self-employment income, or deductions you’re unsure how to handle, we’re here to guide you. Don’t let your taxes cause you stress. Call RWB Tax Service today at (770) 456-9980 and get the peace of mind that comes with having a pro on your side.
We offer personalized tax prep that’s efficient, accurate, and easy to understand. We take the time to get to know your situation so we can file your return the right way and make sure you’re getting the credits and deductions you deserve.
Here are just a few of the personal tax services we provide:
We’re not just about filling out forms. We’re here to provide expert advice and support throughout the whole tax process.
Preparing for your tax appointment doesn’t have to be a headache. Here’s a list of what you should bring to ensure we have everything we need to get your taxes done accurately and efficiently.
Providing your professional tax preparer with all necessary documentation will help them work quickly and ensure we don’t miss anything important. If you’re missing anything, don’t worry. We’ll always help guide you on what’s still needed, but the more information you arrive with, the faster and smoother the process will go!
There are a ton of other Carrollton personal tax prep services out there, so why should you choose us? Here’s why working with us is a choice you won’t regret:
We are experienced tax professionals who have seen it all. We stay current with tax laws, so we’re prepared for any changes or updates that could impact your return. Plus, we take the time to understand your situation. You get personalized attention from seasoned pros who truly care about getting it right.
We believe in 100% transparent pricing, so you know exactly what to expect. There are no hidden fees, no complicated price structures, and no "surprise" charges once your taxes are done. From the moment you walk through our doors, we’ll give you a clear breakdown of what it will cost and make sure you're comfortable before we move forward. That way, there’s no guesswork or stress about the price.
Let’s be honest: the whole reason you’re filing your taxes is to get that refund! We understand how important it is to maximize that refund, and that’s exactly what we work to do. Our team will review every possible deduction, credit, and exemption to make sure we’re squeezing out every last dollar for you. We’ll ensure you get the refund you deserve, and we stand behind our work with a max refund guarantee.
Tax season can be hectic, but that doesn’t mean your filing should take forever. We get that you don’t want to be stuck waiting for weeks to get your return filed or to see that refund. Our Carrollton tax preparer focuses on fast turnarounds without cutting any corners. From the moment you bring us your documents, we work quickly to get everything processed. That means faster refunds and less stress for you. If you need your taxes done in a hurry, we’ll make it happen.
We’ve made our tax prep process as smooth as possible. No one wants to sit through hours of paperwork and confusion, so we’ve broken it down into a few simple steps to get you through it fast. Here’s how it works:
Choosing a local tax preparer in Carrollton comes with a lot of benefits that just can’t be matched by big, national chains. For one, we’re right here in your community, so we understand the local tax laws and the specifics that may apply to you. When you work with us, you’re not just another client; we see you as a neighbor, and we care about making sure your taxes are done right.
You’ll have direct access to the same team each year, meaning you’ll build a relationship with people who truly understand your financial situation. Plus, you can always swing by our office to drop off documents, ask questions, or just have a face-to-face chat when you need help. It’s the kind of personal service and convenience that larger firms can’t always provide.
A lot of tax prep places get busy around April, then disappear once tax season is over. But we’re not like that. We’re here for you all year long, not just during tax season. We can take care of anything from helping with estimated taxes, answering a random question, or even getting things ready for next year.
Life doesn’t stop after April 15th, and neither do we. If you need help outside of the busy season, we encourage you to reach out to us with your questions. We’re here to keep things simple, no matter when you need us.
We receive a lot of questions about personal tax prep from clients in Carrollton! Discover some quick answers to some of the most common questions people have about our tax prep services.
We understand that taxes can be expensive, and you want to know what you're getting into before you sign up. Our prices are straightforward and based on your situation, so you’re only paying for what you need. There are no surprise fees, and we’ll give you an upfront quote once we know what’s involved.
Yes! If you’ve got a side hustle or multiple jobs, we’re ready to help. It can get a little complicated when you’ve got multiple streams of income, but we’ll help you track everything down, make sure you’re not double-taxed, and get everything filed correctly. And if you work in different states, we’ll make sure you’re following the tax rules for each state you’re working in.
The IRS has payment plans and options for folks who can’t pay everything right away, so we’ll help you figure out a plan that works for you. Plus, we’ll go over your return and see if there’s anything we missed that could reduce the amount you owe. It’s common to stress about owing taxes, but we’ve got your back.
That depends on a few factors, like how you file (paper or e-file) and how busy the IRS is. But generally speaking, e-filing is the fastest way to go. You can expect your refund in around 21 days if everything goes smoothly and there are no delays. Of course, if there are any issues, it might take a little longer. We’ll make sure your return gets filed as soon as possible so you can get your refund as quickly as possible.
Yes, we can! If you missed last year’s filing, we can help you catch up. We’ll get everything in order and file your back taxes. There might be some penalties, but we’ll work with you to minimize them and get you back on track. It’s always better to file late than not at all.
Ready to tackle your taxes the easy way? Contact us for personal tax prep in Carrollton, GA, and let RWB Tax Service take it from here. We’ll help you file with confidence, avoid costly mistakes, and get the refund you deserve. Plus, we’re local, experienced, and work fast!
And when you need support with other financial responsibilities in Carrollton, including business taxes, small business bookkeeping, or payroll, we can offer the same expertise that we bring to our personal tax prep services. You can call us at (770) 456-9980, complete our online contact form, or even swing by the office for a chat. Reach out, and let’s make this tax season the easiest one yet!
If you’re looking for experienced small business payroll services in Carrollton, GA, RWB Tax Services is here to help! We’re proud to help local business owners stay focused on running their companies by taking small business payroll off their plates. From calculating paychecks and filing tax forms to making sure everything stays compliant, we make payroll simple, accurate, and stress-free.
You shouldn’t have to waste hours on paperwork or risk costly errors. Let our experienced team handle it all so you can focus on growing your business. Call 770-456-9980 or complete our online contact form today and see how easy small business payroll can be with the right support.
If you’ve been handling payroll for your small business, you probably know how time-consuming and stressful it can be. There’s a lot to think about, and even small mistakes can lead to big problems, like late payments, incorrect deductions, or IRS penalties. Outsourcing payroll gives you peace of mind. It lets you focus on running your business while experts take care of the payroll. Here’s why it makes sense:
If you’re looking for reliable, stress-free payroll support, our local team is here to help. We offer a range of small business payroll services that are designed to make running your company as easy as possible:
We know how important it is to get payroll right. That’s why we’ve broken down our process into four simple steps that are designed to make everything as easy and stress-free as possible for you. Here’s how our small business payroll services in Carrollton, GA, work:
Getting started with our payroll services is simple.
First, we’ll gather all the information we need about your employees, your business, and your payroll preferences. This includes things like pay rates, benefits, and tax filing details. Once we have all the info, we’ll set everything up in our system. This is the foundation, and we make sure it’s done right so that the rest of the process goes smoothly. Our team will make sure all the details are in place, and we’ll also provide you with a user-friendly portal to manage things on your end.
After the initial setup, we handle the ongoing payroll management for you. This means processing payroll, calculating wages, withholding taxes, and making sure everyone gets paid accurately and on time. We’ll even take care of deductions like insurance premiums, retirement contributions, and any other benefits your employees may have
Each payroll cycle, we’ll run everything through our system to ensure it’s correct. We also provide a detailed report so you can review everything before it goes out. If anything needs tweaking, we’re here to make it happen.
Keeping up with tax laws and labor regulations can be a full-time job in itself. But when you outsource your small business payroll to us, we’ll take care of it. Our team stays on top of changes in tax rates, deductions, and any other regulations that might affect payroll for your small business. We make sure that everything is in compliance with federal, state, and local laws. That means no more worrying about filing deadlines or whether you’re deducting the right amount of taxes.
When tax season rolls around, the last thing you want to deal with is sorting through payroll paperwork. You don’t have to worry about that with us either. We provide detailed reports every pay cycle, so you’ll always know exactly where things stand. And when year-end rolls around, we’ll take care of preparing everything you need. We’ll generate the necessary reports, forms, and filings to make sure everything is in order for your year-end taxes. No more scrambling at the last minute to get everything together!
Small business payroll isn’t always as straightforward as it sounds. There are plenty of issues that can pop up, especially if you’re managing it yourself. Here are a few common small business payroll problems we help small businesses in Carrollton solve:
By outsourcing your small business payroll to us, you can avoid these headaches and focus on the things that really matter to your business. We’ll make sure everything runs smoothly and on time every time.
We work with small businesses of all kinds in Carrollton, GA, lending a helping hand with payroll, small business bookkeeping, business taxes, and more. From local retailers to service providers, restaurants, and everything in between, we’re here to help owners take the stress out of small business payroll responsibilities. Most of our clients are in these industries:
If you’ve got a small team or even a growing one, we can help!
There are plenty of small business payroll services in Carrollton, but we truly believe we stand out. Here’s why so many local businesses trust us:
With over 50 years of combined experience in small business payroll, tax, and HR services, our team knows the ins and outs of the payroll world. We’ve seen it all–complicated tax scenarios, tricky employee classifications, and those unique situations that other payroll services might overlook. Our experience means you get a level of expertise that keeps your business in good hands.
We believe in honesty upfront. No hidden fees, no surprises. With our transparent pricing, you’ll always know exactly what you’re paying for. We offer flexible pricing plans that fit businesses of all sizes. The last thing you need is to get hit with unexpected charges after the fact. We keep it clear, simple, and affordable.
Our goal isn’t just to process your small business payroll and move on. We want to build lasting relationships with our clients. We’re always here for you, ready to answer your questions and support you when you need help. From your first call to every payroll cycle, we’re committed to providing top-notch customer service that makes your job easier. We’ve built a reputation for being friendly, responsive, and always available when needed.
We’re proud to be a local Carrollton business, but we don’t cut corners when it comes to technology. We use powerful small business payroll tools that rival anything used by big corporations. But the best part? You still get that personal, local touch. It’s the best of both worlds: advanced systems backed by a team that genuinely cares about your business.
We get a lot of questions about our small business payroll services, and we’re happy to answer them. Here are some of the most common ones our clients in Carrollton ask:
This depends on your business’s payroll schedule. We can run payroll weekly, bi-weekly, semi-monthly, or monthly–whatever works best for you. We’ll work with you to set up the schedule that fits your needs and make sure everything’s processed on time.
Nope! You don’t need to switch your accounting systems. Our small business payroll services are designed to integrate smoothly with most major accounting software. If you’re already using a system like QuickBooks, Xero, or something else, we can work with it without disrupting your workflow. We’ll help you make the connection so everything syncs up seamlessly.
Yes! In fact, we’re deeply experienced in managing contractors and freelancers. Whether they’re on a 1099 or another payment structure, we can handle it. We’ll make sure everything’s set up right for both employees and independent contractors. You won’t have to worry about keeping track of different payroll systems for different kinds of workers.
Security is a top priority for us. We use state-of-the-art encryption and data protection protocols to ensure that sensitive employee data is kept safe. We follow best practices for privacy and make sure that all data is stored securely. You can rest easy knowing that your employees' personal information is in good hands.
Yes! We handle all the tax filings for you. We calculate federal, state, and local taxes, file them on time, and make sure everything is in compliance with current laws. You don’t have to worry about missing deadlines or filing incorrect forms. We’ve got it covered so you can focus on running your business.
Ready to take the stress out of payroll for your small business? Give us a call today! Let RWB Tax Service handle the hard stuff so you don’t have to. We’ll take care of everything from processing paychecks and managing deductions to filing payroll taxes.
We know how important it is for small businesses to stay compliant and keep things running smoothly, and that’s exactly what we deliver. Stop spending your valuable time buried in payroll paperwork. Call 770-456-9980 or complete our online contact form today, and let’s make your small business payroll simple.
Running a small business in Carrollton, GA, is no small feat. Between managing customers, keeping up with inventory, and juggling a million other tasks, it’s easy to feel overwhelmed. One thing you surely don’t want to overlook is your business's finances. That’s where a local Carrollton bookkeeper for small businesses comes in.
In this post, we’ll dive into exactly what a bookkeeper does for a small business in Carrollton and why enlisting their financial services just might be the smartest decision you make for your growing enterprise. If you’d like to learn more about the benefits of hiring a small business bookkeeper, contact our Villa Rica office at (770) 456-9980 or complete our online contact form today!
A Carrollton small business bookkeeper’s first job is to track every transaction that happens in your business. This means every time someone buys something from you, pays an invoice, or spends money on supplies, it all gets recorded. A small business bookkeeper keeps everything organized so you can look back and know exactly where your money is going.
They make sure you never miss a beat when it comes to income and expenses. With everything logged and accounted for, there’s no guesswork, and you’re always in the loop about where your business stands financially.
Small business bookkeepers in Carrollton use bookkeeping software and systems that are tailored to the needs of your business. Whether it’s QuickBooks, Xero, or a more industry-specific platform, they make sure the data is entered consistently and correctly. This kind of organization saves countless hours when tax time rolls around and gives you a clear picture of your financial health on any given day.
Payroll is one of those things that can feel like a nightmare if you try to handle it yourself. There are taxes, deductions, and deadlines to worry about. Miss a step, and you could end up in hot water. A Carrollton small business bookkeeper takes this headache off your plate. They calculate wages, withhold the right amount for taxes, and make sure everyone gets paid on time.
They also stay on top of changing tax laws, so you don’t have to. With a Carrollton bookkeeper handling payroll, you don’t have to stress about missing deadlines or making mistakes with your employees’ paychecks. Plus, it saves you time, so you can focus on growing your business instead of getting bogged down with payroll calculations.
In addition to processing payments, your local bookkeeper may also prepare W-2s and 1099s at the end of the year, handle unemployment insurance filings, and even manage direct deposit setups. They’re familiar with local and federal laws related to wage garnishments, benefits, and overtime rules, so you’re protected from accidental noncompliance.
Ever look at your bank statement and wonder if everything lines up? A Carrollton bookkeeper keeps tabs on all these details on your behalf. They ensure the transactions in your business’s financial records match what’s on your bank statement. This is crucially important for catching any errors, fraud, or discrepancies that could cause a headache down the road.
It also helps catch any bank fees, interest charges, or mistakes that could throw your financial records off track. If there’s a mistake, they’ll find it, and you’ll know where it came from. All this keeps your accounts clean and helps you avoid any surprise charges or overdrafts.
Bank reconciliations are often overlooked until a problem arises, but they’re essential for ensuring your books are accurate. Without this regular check-in, small errors can build up over time, making it harder to spot major issues when they arise. With a small business bookkeeper in Carrollton, GA, reviewing your accounts monthly or even weekly, you can rest easy knowing your financial records are accurate and trustworthy.
A Carrollton bookkeeper doesn’t just keep track of numbers—they help you understand those numbers, too. They prepare financial reports like:
These reports show you where you’re making money, where you’re spending it, and how well you’re managing debt and assets. They give you a clear picture of your business’s financial situation so you can make informed decisions.
You can see if you're making enough profit, where you can cut costs, or if you need to focus on getting more sales. Reports like these are also helpful if you’re looking for investors or applying for a loan.
They also offer long-term benefits. By comparing reports from quarter to quarter or year to year, you can identify growth trends and better forecast your business’s future. A Carrollton bookkeeper for your small business can highlight seasonal shifts, slow periods, or spikes in expenses, helping you plan ahead with confidence and avoid unnecessary financial surprises.
Ever had that sinking feeling when you realized you lost an important receipt? Or worse, when tax season rolls around and you can’t find half your paperwork? A small business bookkeeper in Carrollton, GA, saves you from that stress. They organize all your receipts, invoices, and other financial documents.
Everything is filed neatly, either digitally or physically, depending on your preference. When you need something, it’s right there at your fingertips. No more digging through piles of paper or scrolling endlessly through emails. Plus, organized receipts make it much easier to identify any discrepancies, such as double charges or overcharges by vendors.
Beyond tax preparation, this organized system is helpful if you’re ever audited. Being able to quickly provide proof of income or expenses makes the process smoother and less stressful. Some bookkeepers even use receipt-tracking apps that allow you to snap a photo and upload it instantly—no more keeping shoeboxes full of faded receipts.
Small businesses in Carrollton have a lot of expenses—rent, utilities, supplies, marketing costs—you name it. It’s easy to lose track of where all the money is going. Your local Carrollton bookkeeper will track these expenses and categorize them properly.
This level of detail helps you spot trends and identify areas where you might be overspending. For example, you might discover you’re over your ideal limit on discretionary spending. Once you know, you can adjust accordingly. A small business bookkeeper gives you the clarity you need to take control of your finances.
They can also help you budget more effectively. Knowing how much you’re spending in each category—like marketing, travel, office supplies, or employee benefits—lets you see what’s essential and what can be trimmed. This is a powerful tool for improving profitability over time.
No one loves tax season, but a bookkeeper in Carrollton can make it a lot less stressful. They help gather all the necessary documents, like profit and loss statements, balance sheets, and expense reports, and prepare everything for your tax filing.
They’ll also help identify any tax deductions you may qualify for, potentially saving you money. Plus, they’ll ensure that your business is compliant with tax laws, so you won’t have to worry about audits or penalties. If your small business needs to pay quarterly taxes or file other forms, a bookkeeper keeps track of deadlines and makes sure everything gets filed on time.
By working closely with your accountant or tax preparer, your small business bookkeeper ensures that your returns are accurate and complete. You’re less likely to miss out on deductions or pay more than necessary. Even better, good bookkeeping all year long prevents the “last-minute scramble” when tax deadlines roll around.
Tax laws and business regulations change all the time, and it’s not always easy to keep up. A bookkeeper keeps an eye on these changes and makes sure that your business stays compliant with all the necessary laws. This includes staying on top of tax rates, payroll requirements, and other financial regulations that could affect your business.
With a Carrollton small business bookkeeper in your corner, you don’t have to stress about accidentally breaking any rules. This is especially helpful when your business grows and the complexity of regulations increases.
Some bookkeepers even act as liaisons between your business and government agencies, helping you respond to IRS notices, submit required documentation, and stay compliant with local business license rules. When you’re juggling a dozen responsibilities, this kind of support can be a real lifesaver.
You may be wondering, "Do I really need a bookkeeper for my small business in Carrollton?" Well, it depends. If you're just starting out and the numbers aren’t overwhelming, you might be able to manage your finances on your own. But as your small business grows, it often becomes difficult to stay on top of everything. That’s when having a bookkeeper can be very helpful.
A Carrollton small business bookkeeper lets you focus on what you do best—running your business. They take care of the financial side, making sure everything is recorded properly, that you’re compliant with laws, and that you’re ready for tax season. Plus, they’re experts in their field, so they can help you avoid costly mistakes.
If you're not sure about whether you should hire a bookkeeper for your small business, consider how much time and stress you’d save with their support. It’s all about freeing you up to grow your business and focus on the bigger picture.
If you're in Carrollton and need support with your small business finances, RWB Tax Service of Villa Rica is here to help! We know how overwhelming finances can be, and we’re here to take that burden off your shoulders. From tracking daily transactions to preparing for tax season, we handle it all.
Connect with our office at (770) 456-9980 or complete our online contact form to discover dedicated support with your small business financials. We're ready to help you focus on what really matters—growing your business!
A bookkeeper usually costs anywhere from $300 to $2,000 a month, depending on how big your business is and how much work you need done. It might seem like an extra cost, but having a bookkeeper can save you time, prevent mistakes, and make tax time way easier.
Yes, you still need a bookkeeper. While accounting software helps track things, a bookkeeper makes sure everything is accurate, organizes your expenses, and handles things like bank reconciliations and business tax prep. Software is a tool, but a bookkeeper adds the expertise to keep everything in check.
A bookkeeper keeps track of daily transactions and invoices and updates your records. An accountant looks at the bigger financial picture, prepares tax returns, and gives advice on financial planning. Bookkeepers keep things organized, while accountants interpret the bigger picture.
Yes, online bookkeeping is secure if you choose a reputable service. Most platforms use strong encryption to protect your data. However, always ask about their security measures to ensure your financial information is safe.
Free File program begins. The IRS collaborates with various software providers to offer eligible taxpayers free access to online tax preparation and e-filing tools. Income limits apply, and participating companies include TaxSlayer, TaxAct, and FreeTaxUSA.
Deadline for fourth-quarter estimated tax payments. Taxpayers must submit payments for income earned from September 1 to December 31, 2024. This applies mainly to self-employed individuals and others whose tax withholdings are insufficient to cover their total tax liability.
Official start of tax filing season. The IRS begins processing federal tax returns. Refunds for returns claiming certain credits, such as the Earned Income Tax Credit or Additional Child Tax Credit, will not be issued before mid-February, regardless of how early they’re filed. Additionally, the IRS expands its Direct File program to include 25 states this year, providing free filing options for eligible taxpayers in participating areas.
Form W-2 deadline. Employers must provide W-2 forms to employees for work done in 2024 by this date. Other informational forms, such as the 1099-NEC for freelance income or 1099-INT for interest earned, are also due to be issued or mailed by this deadline.
Deadline for S-Corporations and Partnership returns. If your corporation follows the calendar year for its fiscal year, you'll need to submit your S-Corporation return by March 15th.
Tax Day. Federal income tax returns and any taxes owed must be filed and paid by this date. Taxpayers can request an extension to file their return using Form 4868, but any owed taxes must still be paid by April 15 to avoid penalties or interest. This is also the deadline for contributing to an HSA or IRA for the 2024 tax year and submitting estimated tax payments for income earned in the first quarter of 2025 (January 1–March 31).
Second-quarter estimated tax payments are due for income earned between April 1 and May 31. Additionally, taxpayers living or working abroad have until this date to file their federal tax returns.
Third-quarter estimated tax payments are due for income earned from June 1 to August 31, 2025.
Deadline for extended tax returns. If a taxpayer requested an extension by April 15, this is the final date to submit a 2024 federal tax return. Missing this deadline may result in penalties.
Deadline for 401(k) contributions. Contributions to employer-sponsored retirement accounts, such as traditional or Roth 401(k)s, must be completed by this date for the 2025 tax year. Required minimum distributions (RMDs) must also be taken by this date, if applicable. Charitable contributions must be made by December 31 to qualify for deductions on the 2025 tax return.
Getting ready to file your 2024 taxes doesn’t have to feel overwhelming! Use these helpful steps to keep things organized and stress-free:
The IRS has announced extended tax relief for individuals and businesses impacted by Hurricane Helene in parts of Georgia. Here's what you need to know:
Georgia residents can claim a $3,000 exemption for each unborn child with a detectable heartbeat. However, this exemption cannot be claimed if the child is born during the same tax year. While you don't need to submit medical records with your tax return, it's important to keep them on hand in case the state requests verification.
Get ready for tax season with RWB Tax Service in Villa Rica, GA! Whether you're filing personal taxes or need help with complex business taxes, our experienced team is here to ensure everything is done right. With over 50 years of combined experience, we’re your trusted local experts who will work hard to maximize your refund and guide you through every step. Don’t wait—give us a call today at (770) 456-9980 or fill out our online contact form to get started. Let us make tax prep a breeze for you!
The 2024 tax season is upon us! Last year, over 162 million taxes were filed in the US. As you prepare to file your 2024 taxes, you must be aware of important dates and upcoming changes to 2024 tax laws. Continue reading to learn more!
There are several important dates for the 2024 tax season, outlined below:
This is the date the IRS Free File opens. IRS Free File is a free filing service offered through the IRS for taxpayers that have an AGI of $79,000 or less. While taxpayers can file returns now, the IRS will not start processing them until a later date.
This is the due date for businesses to submit the quarterly tax payments for quarter four of 2023.
January 26, 2024, is Earned Income Tax Credit awareness day.
This is the official start of the 2024 filing season and the date the IRS will start processing returns.
Employers are required to issue W-2s and 1099 documents by this date. If you have not received these documents, you must contact your company’s HR department or person responsible for these documents to determine where it is and when you’ll receive it.
For those individuals who receive tax documents for other situations (dividends, interest, retirement plan distributions), this is also the due date for those.
Tax law states that the IRS cannot issue Earned Income Tax or Child Tax Credit refunds before mid-February. While most taxpayers can view their expected return date by February 17th, the IRS expects most of these refunds for filers who have completed their returns without errors to hit bank accounts around February 27th.
S corporation and partnership tax returns are due on this date.
This is the tax filing due date for most Americans. This is the last day taxpayers can request an extension or make contributions to HRA, traditional or Roth IRA, or SEP-IRA accounts.
For taxpayers that hold $10,000+ in signature authority for a foreign bank, you must file the appropriate documentation on or by this date.
Due to holidays, this is the tax filing due date for individuals residing in Massachusetts and Maine.
Are you a US citizen or resident alien living abroad? Your 2024 taxes are due on this date. You do have an option to file for an extension due on October 15, 2024.
This is the due date for those filing an extension. Remember, the extension must be filed before the April 15th due date! October 15th is the date the taxes are due.
Preparing to file your 2024 taxes doesn’t have to be stressful! The below tips will make the process run smoothly:
The IRS makes changes to tax laws every single year. Many times, the changes are to reflect and account for inflation. We all know 2023 was a hard year regarding inflation and that will reflect in tax returns this year for many Americans.
For 2023, the tax provision adjustment was 7% (higher than average!). Some people will see smaller tax liabilities because of this. If you’re uncertain if this change to 2024 tax laws will impact your tax return, RWB Tax Service is happy to help! Contact us today to get started.
The IRS predicts the inflation adjustment for taxes filed in 2025 will be around 5.4%. This means tax filers may see tax benefits for the next two years. In fact, there will be tax bracket changes for 2024 taxes that are filed in 2025!
The tax marginal rates are the same for the 2023 tax season, however, they will be updated for taxes filed in 2025. Below is the chart of changes coming:
Married filing jointly taxpayer rate changes:
Single taxpayer rate changes:
With the tax rates changing, there will also be a slight increase in standard deductions for taxes filed in 2025. It’s important to note these changes will not be reflected in taxes filed this 2024 season.
The gift tax exclusion states how much a person can give to another without paying a tax on it. The amount increases to $18,000 in 2024.
The estate tax exclusion determines the threshold for wealthy estates. In 2024, the estates equal or less than $13.9 million will not be required to pay an estate tax.
For taxpayers who contribute to health or flexible spending accounts, there are changes to the amounts you can contribute in 2024.
Taxpayers can contribute up to $4,150 for self coverage and $8,350 for family coverage. There is also the option to carry over $640 into the next year for applicable plans.
The earned income credit will also see increases in 2024. The credit is calculated based on how much someone makes and how many children they have. Taxpayers without children may also qualify for this credit if they fall into the income bracket. The credit will range from $600 to $7,830 (for a taxpayer with three children) in 2024.
The IRS is busiest during tax filing season. So, while you may be tempted to call for an update about your return, we encourage you to take other actions. You can use online tools or contact us to determine when your refund will be issued.
Most refunds are processed and deposited within 21 days of filing. Some exceptions apply (see above’s important dates). Tax returns with errors must be manually processed, which will delay your refund. RWB Tax Services helps individuals and businesses with filing tax returns so they avoid delays. Contact us today to get started!
Here are a few additional tips to prepare for the 2024 tax season:
Do you not get the refund you expect each year? You may want to check your withholdings! This can save you time and money in the long run. It’s essential to remember to adjust your withholding after any major life event, like the birth of a child, a marriage or divorce, or an adoption.
Tax time means you need a lot of documents from the previous years. These may include:
Are you ready to file your 2023 taxes? Do you want to relieve the stress of doing it by working with a tax professional? RWB Tax Service has a team of tax experts to help with your personal and business returns. Call us today at 770-456-9980 or stop by the office to get started!
The start of a new year has everyone scrambling to prepare for the 2023 tax season. You can get a head start on the tax season by reading the following sections. We’ll outline important changes to filing 2023 taxes and vital updates you must be aware of. Keep reading for more details!
This is the first day that you can file 2023 taxes. The IRS will not process submissions until a later date.
This is the final day you can pay estimated quarterly taxes for 2022.
The IRS free file is live with submission acceptance and processing for electronic returns for the 2023 tax season. The IRS recommends using electronic filing for faster returns. Paper returns will start processing in February.
All employees should have a W-2 from their employers by February 1. Contractors should also have received 1099s by this date. If you have not received these documents by mail or electronically on this date, you need to contact the company’s HR department or the company you contracted for.
Some people also receive 1099s for dividends, interest, and retirement plan distributions. This date is the deadline for those, too.
Filers who claimed ACTC or EITC credits for the 2023 tax season can expect their refunds to be released. Refunds will start to be sent and are expected to hit bank accounts within 8-10 days. This is due to the PATH Act and the requirement that the IRS holds refunds for these credits until this date.
People filing S Corporation or partnership tax returns must complete them by this date.
This is the last day you can file 2023 taxes. The normal filing date, April 15, falls on a weekend date. April 18, 2023, is the last day you can request an extension. If you are making contributions to an HRA, traditional or Roth IRA, or SEP-IRAs, today is the last day to do so.
Taxpayers who have over $10,000 in signature authority for foreign bank accounts must file the appropriate documents by this date.
US citizens and resident aliens living abroad must file 2023 taxes by this date. Or they can file for an extension until October.
Approved extensions will be due October 18, 2023. You must file and get approval for an extension before the April 18 due date.
Gathering the necessary information to file 2023 taxes can seem overwhelming. But it doesn’t have to be if you follow these tips:
There have been quite a few changes to the tax law for the 2023 tax season. Read more about each below:
The standard deduction has changed for the 2023 tax season due to cost of living adjustments. The following are the new deduction amounts:
The mileage rates are divided into two time frames, January to June 2022 and July to December 2022. The rates are as follows:
The rate for charitable mileage remains 14 cents per mile.
401K and IRA contribution amounts also increased for the 2023 tax season. The new amounts are:
The child tax credit is reduced for the 2023 tax season. It is going back to the pre-2021 rate of $2,000 per child under 17 years of age. The maximum refundable portion of this credit is $1,500.
Social security payback for those under the full retirement age is $19,560. The cost of living for social security benefits increased by 5.9%.
Dependent care benefits are also reduced for the 2023 tax season. It is $3,000 per qualifying dependent and is non-refundable. It is based on adjusted gross income and falls between 20% and 35%.
To qualify for the earned income tax credit as a single taxpayer, they must not be a dependent or have any dependents. They must now be between the ages of 25 and 65 (previously, it was 19-65) with income below $16,480.
The tax law no longer forgives the amount of the premium credit for health insurance that must be repaid. You must make adjustments to your income throughout the year to reflect the correct premium credit, so you do not have to repay a portion of it.
The IRS is incredibly busy during tax season. In 2021, they processed more than 261 billion tax returns and collected more than $4.1T in taxes. With numbers like these, you can see why patience is important when waiting for your refund.
You may be tempted to call the IRS to receive an update, but we encourage you to check your status online or connect with us, and we can get you an update. Millions of people contacting the IRS make processing times even longer.
Most refunds are processed and submitted to taxpayers within 21 days when filing electronically and choosing direct deposit as your payment option. Taxpayers filing by mail or selecting another payment method can expect longer wait times.
The IRS is required by law to hold refunds for the earned income tax credit and the additional child tax credit until mid-February. This is under the PATH Act to prevent fraudulent returns. Taxpayers claiming these credits can still file electronically starting in mid-January.
Some returns require manual processing, which delays when returns are delivered. This could be due to a system alert, incorrect information, or missing information. To avoid these kinds of delays, you can work with a professional (like RWB Tax Services) to ensure you file 2023 taxes correctly!
You want to be as prepared as possible when you file 2023 taxes. This makes the process run smoothly. Here are a few tips:
If you generally owe money for taxes, it might be a good time to check your withholding information. This can save you a lot of money in the long run. If you have any major life changes, such as the birth of a child or a second job, it is also a good idea to assess and change your withholding.
Not sure how to determine your withholding? Check out the IRS’s tax withholding estimator to help guide your decision.
There are a lot of documents you need to file 2023 taxes. It’s best to collect them and organize them as you receive them, so they are not lost. If you receive electronic documents, we recommend you print them and save them on your computer.
It’s vital you wait to file the 2023 taxes until you have all the required documents. These include:
Do you want to relieve the stress of worrying about the 2023 tax season? Working with RWB Tax Services will give you the peace of mind you need.
With more than 50 years of combined experience, our tax professionals have helped clients for more than 13 years. We’ve helped clients receive the largest tax returns possible across Georgia.
You can trust us to complete your taxes within the deadlines and with 100% accuracy. Our prices are reasonable. We can help you avoid costly mistakes and prevent penalties in the thousands of dollars in Georgia. Call us today to set up an appointment to discuss the 2023 tax season at 770-459-9980. Or you can contact us with this form.
2020 is finally over, but now a new challenge lies ahead - filing your 2020 taxes. Thanks to COVID-19, many things have changed for the 2021 tax season. Let's take a look at the important updates for this tax season:
Here are the critical dates listed by the IRS that taxpayers should remember for the 2021 tax season:
Let's get into the details so you can be confident when filing your taxes this year.
Deductions and credits help you keep more of your money. Tax deductions help reduce how much of your income is taxed for federal income taxes. Tax credits reduce your actual tax bill.
Here are some deductions and credits you may be able to claim on your 2020 tax return:
If you are self-employed, there are many deductions you can claim on your taxes, such as travel costs and the home office deduction if you use an office in your house for business.
The CARES Act permits taxpayers to subtract up to 100% of their adjusted gross income (AGI) in charitable donations if they plan to itemize their deductions. The CARES Act also added a new standard deduction that makes it possible to write off up to $300 of charitable contributions made in cash.
Families may be able to claim up to $2,000 per child with this credit. And because this is a refundable credit, you could receive up to $1,400 per child as a refund.
The EITC is a refundable credit implemented to help low- and middle-income workers. Depending on your earnings for the year, how many dependents you have, and your filing status, this credit could save you between a few hundred to a few thousand dollars on your taxes.
You can deduct medical expenses above 7.5% of your AGI (adjusted gross income), which is your total income minus any other deductions you have already taken.
There are many other deductions and credits that could save you money ave you money depending on your circumstances! If you don't want to miss these savings, work with a tax prep advisor at RWB who can make sure you're not leaving out any credits or deductions.
Let's dive into the basics for the 2021 tax season updates concerning COVID-19.
Many taxpayers found themselves out of work due to the pandemic and received unemployment benefits for support. Those who collected unemployment benefits will need to pay income taxes on those funds.
If you chose not to have taxes taken from your unemployment when you signed up, you will either have to pay quarterly taxes or set aside enough money from your unemployment benefits to pay your taxes.
During the 2020 pandemic, the government sent $1,200 stimulus checks to millions of Americans (plus up to $600 per child). Your stimulus check will not be taxed. Instead, it's being counted as a refundable tax credit for 2020.
The CARES Act also offered small business owners Paycheck Protection Program (PPP) loans. These loans are "forgivable" if they were spent on certain business expenses. However, the IRS says that any expenses you paid with money from those PPP loans cannot be deducted from your taxable income.
Any money taken out of an Educational Savings Account (ESA) or a 529 Plan must be used for educational expenses to be considered tax-free. Many universities went virtual or canceled classes this year—which means your university might have refunded your ESA or 529 money. If so, you had 60 days to put the money back in the account OR use it to cover other educational costs. If you didn't do this, you might have to pay the taxes and a withdrawal penalty.
There were several changes to retirement plans in 2020—and those changes could affect your taxes this year.
If you did take funds out of a 401K or traditional IRA, you have three years to put that money back and get refunded for taxes paid on those funds. Reach out to a professional who can walk you through the process. If you need help, give us a call at 770-456-9980.
Working with a tax professional is a smart choice, especially with all of these new chances to save money on your 2020 tax return. If you're looking for a trustworthy tax pro near you, look no further. Our tax experts have many years of experience and can help you file your tax refund with confidence. Call us at 770-456-9980, or fill out the form to schedule an appointment today!
No, the stimulus money will not count as taxable income. It's being counted as a refundable tax credit for 2020. (Your stimulus check is almost like an advance on funds you would have received as part of your tax refund in 2021.)
Yes, the unemployment benefits you collected in 2020 will count as taxable income on your tax return. If you chose not to have taxes withheld from your unemployment payments, then you'll have to pay quarterly taxes on it.
Did you deliver groceries with Instacart or drive for Uber? The money you made doing odd jobs or freelancing will be taxed, so here's a summary of what you need to know:
The home office tax deduction is only allowed for freelancers, independent contractors, or self-employed people who have a home office used solely for regular business. Unfortunately, that means workers sent home by their employers throughout COVID-19 don't get this deduction since they don't only work from home.
The Trump administration permitted companies to suspend payroll taxes from September 1, 2020, through December 31, 2020. So, if you work for the government or at a company that chose to defer payroll taxes, you saw a temporary increase in your paychecks. Unfortunately, this is not a tax break—those taxes will still need to be paid. That means your employer will have to take those extra taxes out of your paycheck between January and April 2021, so you'll have a decreased paycheck during that time.
This 2021 tax season could get messy for many Americans who have seen their lives changed by this pandemic. If you're one of them, it is a good idea to contact a tax advisor who is updated on the news and developments for this tax season in 2021.
If you want to ensure your taxes are done correctly and avoid making substantial tax errors that could cost you thousands of dollars, our Georgia tax professionals are ready to help! Give us a call today at 770-459-9980.
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