Priority Tax Service -Rome, GA

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Now is the time to plan next year's retirement contributions. Here's what you need to know.
11/18/2022

Now is the time to plan next year's retirement contributions. Here's what you need to know.

2023 contribution limits are set for retirement plans. Now is a good time to plan for your upcoming retirement contributions.

Lotteries are a very effective way to TRIPLE tax the poor. Here's how it works.
11/11/2022

Lotteries are a very effective way to TRIPLE tax the poor. Here's how it works.

Most of us only see the media portrayal of the lottery. Lucky winner, lots of cash. Outside of the bright lights is the true winner: the tax man. Here is what you need to know.

Section 179 and bonus depreciation let you take larger, short-term deductions for capital purchases. Does it make sense ...
11/04/2022

Section 179 and bonus depreciation let you take larger, short-term deductions for capital purchases. Does it make sense for your business to take advantage?

The bonus depreciation and Section 179 tax code provisions allow small businesses to expense large capital purchases. Is this better than depreciating the purchase over time? Here are some thoughts on the matter.

Find out how much Social Security benefits increase in 2023. Also read about several tax court cases and what they mean ...
11/02/2022

Find out how much Social Security benefits increase in 2023. Also read about several tax court cases and what they mean to you, raising a financially savvy child, and avoiding gift card fraud.

Social Security recipients got some great news about their benefits. Check out this month's newsletter to learn more about the cost-of-living increase for 2023. Also read about several tax court cases and what they might mean for your situation, how to raise a financially savvy child, and how to avo...

The IRS is enforcing Nanny Tax rules that regulate whether a domestic worker you pay is considered a contractor or emplo...
10/28/2022

The IRS is enforcing Nanny Tax rules that regulate whether a domestic worker you pay is considered a contractor or employee.

The IRS is more strictly enforcing rules that determine whether a worker is actually your employee, rather than independent contractor. You have many extra tax responsibilities and expenses if you are an employer in the eyes of the IRS.

$13,200 more of your income is subject to Social Security taxes in 2023. Here are the details.
10/21/2022

$13,200 more of your income is subject to Social Security taxes in 2023. Here are the details.

2023 Cost-of-Living Adjustment (COLA) changes are here. This is what you need to know.

There's still time to lower your tax obligation. Here are five great ideas to consider.
10/14/2022

There's still time to lower your tax obligation. Here are five great ideas to consider.

Now is a great time to assess your current tax situation and address any lingering tax questions that may improve your tax picture this year. Here are five things to consider.

You can legally lower your tax by shifting unearned income to your children. Here are some ideas.
10/07/2022

You can legally lower your tax by shifting unearned income to your children. Here are some ideas.

The progressive nature of income tax rates offers taxpayers the incentive to transfer assets to lower earning taxpayers. Why not your children? Here are some tips.

Here are some tax planning strategies to consider before the end of 2022. Also read about some ideas to improve your per...
10/05/2022

Here are some tax planning strategies to consider before the end of 2022. Also read about some ideas to improve your personal cash flow and the ingredients of a successful business partnership.

Watching summer transform into beautiful fall colors can be just as mesmerizing as tax planning. Similar to looking closely for gorgeous autumn scenery, with tax planning you’re meticulously on the lookout for opportunities to cut your 2022 taxes. In this month’s newsletter, read about s...

Time to file your tax return for 2021 if you have not already done so. There is no reason to leave a possible refund on ...
09/30/2022

Time to file your tax return for 2021 if you have not already done so. There is no reason to leave a possible refund on the table, and the IRS is not going to beg to send you back your money.

The Form 1040 extended filing deadline is fast approaching. If you have not already done so, please consider filing your 2021 tax return in the next two weeks.

Effective tax rate and marginal tax rates are two figures every taxpayer should know. Do you know yours?
09/23/2022

Effective tax rate and marginal tax rates are two figures every taxpayer should know. Do you know yours?

What is the difference between a Marginal Tax Rate and an Effective Tax rate? Who cares? You might if you add a second job and see some of your tax benefits disappear. Here is what you need to know.

Medical expenses are on the rise. Here are some smart ideas for saving tax dollars on those medical bills.
09/16/2022

Medical expenses are on the rise. Here are some smart ideas for saving tax dollars on those medical bills.

Medical expenses are on the rise. If you know your options and plan accordingly, there are ways to save tax dollars on those medical bills.

Address

516 W 8th Street NE
Rome, GA
30165

Opening Hours

Monday 9am - 7pm
Tuesday 9am - 7pm
Wednesday 9am - 7pm
Thursday 9am - 7pm
Friday 9am - 7pm
Saturday 10am - 3pm

Telephone

+17067844424

Website

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