First State CPAs and Associates

3 days ago

How do I check the status of my tax refund?

You can check your federal refund through the IRS “Where’s My Refund?” tool on IRS.gov or by using the IRS2Go app.

You’ll need:
• Your Social Security number or ITIN
• Your filing status
• The exact refund amount shown on your return

The IRS usually updates refund status once every 24 hours, and you can typically start checking within 24 hours after your e-filed return is accepted.

Waiting on your deposit? Once the IRS sends the refund, your bank may still take a little time to post it.

And if you’re checking on a state refund, that is handled separately through your state tax agency.

If your refund is delayed or something seems off, we can help you understand what’s going on and what to do next. ... See MoreSee Less

First State CPAs and Associates

4 days ago

𝗛𝗼𝘄 𝗱𝗼 𝗜 𝗲𝘀𝘁𝗶𝗺𝗮𝘁𝗲 𝗺𝘆 𝗾𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝘁𝗮𝘅 𝗽𝗮𝘆𝗺𝗲𝗻𝘁?

There’s more than one way to do it, and the right method depends on how consistent your income is.

If your income is steady, the Safe Harbor Approach may work well. That means using last year’s total tax as a guide. For example, if you owed $10,000 last year, you might pay $2,500 each quarter this year.

If your income changes throughout the year, like with seasonal or commission-based work, you may need to estimate each quarter based on what you’ve earned so far.

Because the right approach depends on your specific income pattern, a custom payment schedule can make a big difference.

DM me if you want help figuring out your estimated tax payment schedule. ... See MoreSee Less