Palmer Insurance & Income Tax

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 to send those refunds out till 7-21 days from the 15th of February. So just try and be patient as your refund will be here soon. If march 9th passes and you still do not have your refund you can call the IRS @ 1-800-829-1040 and ask for clarification on the delay.

Difference between Traditional and Roth IRA's

A traditional IRA and a Roth IRA are two types of retirement accounts that offer different tax benefits. A traditional IRA allows you to make pre-tax contributions, meaning you can deduct your contr…

The Difference Between Traditional and Roth IRA’s – Palmer Insurance A traditional IRA and a Roth IRA are two types of retirement accounts that offer different tax benefits. A traditional IRA allows you to make pre-tax contributions, meaning you can deduct your contributions from your taxable income. This reduces your taxable income and can result in a lower tax bill...