FTB TAX

08/24/2025

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01/26/2025

Important update for those claiming the Earned Income Credit (EIC) or the Additional Child Tax Credit (ACTC):

The IRS will not process refunds with these credits until after February 15, 2025. The earliest you can expect your refund (if you opted for direct deposit or a debit card) is February 27, 2025.

This delay is due to federal requirements designed to prevent identity theft and fraud.

If you have any questions or need help preparing your taxes, I’m here to assist you—let’s get everything filed and ready to go! Message me to book your appointment.

FTB TAX

01/23/2025

🚨 Tax Tip Alert 🚨

For those of you avoiding filing your taxes because you owe money, it’s time to stop delaying! Filing late doesn’t make the problem go away—it actually makes it worse.

Delaying your taxes can result in interest and penalties piling up, making what you owe even more expensive. The longer you wait, the harder it becomes to manage.

👉 What you need to do:
1️⃣ File your taxes ASAP—even if you can’t pay in full.
2️⃣ Start making payments to the IRS as soon as possible to reduce your balance and avoid additional interest.
3️⃣ File before April 15th to avoid late filing penalties altogether!

You’d be surprised how many people I’ve spoken to who owe taxes and decide not to file at all. Trust me, filing now is always better than waiting. Don’t dig yourself into a deeper hole. Take action today—you’ll thank yourself later!

💡 Need help or have questions about filing? Feel free to reach out. I’m here to guide you through the process and help you stay on track.

01/19/2025

🚨🚨Why do self-employed people pay more taxes than W-2 employees?

When you’re self-employed, you act as both the employer and the employee. This means you have to pay both halves of Social Security and Medicare taxes, known as the self-employment tax (15.3%).

For W-2 employees, their employer pays half of these taxes (7.65%), and the employee pays the other half. But as a self-employed person, you’re responsible for the full amount yourself.

Another key difference? When you’re self-employed, no federal income taxes are automatically withheld from your income like they are for W-2 employees. Unless you make quarterly estimated tax payments, you could end up owing a large amount at tax time because nothing was prepaid throughout the year.

The good news: self-employed people can deduct the employer portion of the self-employment tax (7.65%) when calculating their income taxes, which can help offset some of the burden.

In short, being self-employed means you’re your own boss — but that also means you take on all the tax responsibilities that employers usually handle for their employees.🚨🚨

FTB TAX

01/18/2025

False!‼️

01/17/2025

💵 Got Cash Income? You Can (and Should) Still File Taxes! 💼

Making money and getting paid in cash doesn’t mean you can’t file your taxes! In fact, filing is crucial to:
✔️ Report your income legally
✔️ Build your financial history
✔️ Potentially qualify for deductions and credits

Let us help you file your taxes the right way! Our team is here to guide you through the process and make it simple and stress-free.

📞 Contact us today to get started:(910) 975-6761
📧 Message us directly here on Facebook!

Don’t let cash income hold you back—reach out now and we’ll help you get it done right!
Www.virtualtaxlady.com

01/16/2025

At FTB TAX, we specialize in making tax season stress-free and maximizing your returns.

Here’s the deal:
Refer a client to us, and when they pay for our services upfront or when they receive their refund (if our fee is deducted from their refund), you’ll receive $50 as a thank-you!

Why choose us?
✔️ Experienced and knowledgeable tax professional
✔️ Personalized attention to every client
✔️ Affordable, reliable, and hassle-free service

Don’t miss this opportunity to help a friend and earn a bonus for yourself.

📞 Call us today at (910) 975-6761
📧 Email us at [email protected]
🌐 Visit our website:www.virtualtaxlady.com

Spread the word and start earning today!

FTB TAX

01/16/2025

🎉 Attention Colorado Families with Young Children! 🎉

Did you know you may qualify for the Family Affordability Tax Credit (FATC)? This refundable tax credit provides up to $3,200 per child under the age of 6, regardless of your income level. That’s right—NO INCOME is required to receive this benefit!

💰 Here’s What You Need to Know:
✔️ Available to Colorado residents with children aged 16 or younger.
✔️ Higher credit amounts for families with lower incomes, but everyone qualifies with eligible dependents!
✔️ Parents with ITINs can claim the credit if their children have Social Security Numbers.

📄 How to Claim It:
Simply file your Colorado state tax return and include your eligible dependents. This credit is 100% refundable, meaning you’ll receive the money even if you don’t owe taxes.

💡 Don’t miss out on this opportunity to get the financial support your family deserves. File your taxes and take advantage of this amazing credit!

👉 For more information, contact us or visit
Www.virtualtaxlady.com

FTB TAX

01/15/2025

💡 Tax Reminder for 2025 💡
If you made $37K this year and had no federal taxes withheld, you will likely owe the IRS when filing your return (without dependents). Remember, everyone is required to pay taxes on their income, regardless of the withholding status throughout the year.

⚠️ Important Notes:
• Choosing “exempt” on your W-4 form means no taxes are withheld, but this does not exempt you from paying taxes. Be prepared to pay when you file your return.
• If you claim dependents, your refund may be lower than someone who had taxes withheld all year.

💼 Planning ahead and staying informed can help avoid surprises at tax time. If you need assistance with tax planning or understanding your withholding, feel free to reach out!!

Www.Virtualtaxlady.com

01/12/2025

💰 Refunds Are Refunding this year!💰

One of my clients, who made $32,000 this year with $2,900 in federal taxes withheld and 3 dependents under 17, is getting back a refund of over $13,000! 🎉

This tax season is looking bright for many families, thanks to increased credits and benefits. But remember, results vary depending on your income, dependents, and the amount of taxes withheld.

Let me help you maximize YOUR refund! 💼

📲 Contact me today to schedule your consultation – don’t leave money on the table this tax season!

💼 [FTB TAX] – Your Trusted Tax Partner 💼
Helping families keep more of what they earn!

FTB TAX

01/12/2025

💰 Exciting Update for Parents! 💰

The Child Tax Credit remains a valuable benefit for the 2024 tax year, offering significant savings for families. Here’s what you need to know:

✅ Credit Amount: Up to $2,000 per qualifying child under age 17.

✅ Refundable Portion: Eligible families can receive up to $1,700 as a refundable credit, even if they owe little or no taxes.

✅ Income Thresholds: The credit begins to phase out at $200,000 for single filers and $400,000 for joint filers.

This credit can make a substantial difference for your family, so don’t miss out!

📲 Send us a message or call today to schedule your consultation. Let’s ensure you’re maximizing your refund this year!

💼 [FTB TAX] – Your Trusted Tax Partner 💼
Helping families maximize their refunds and keep more of what they earn!





01/10/2025

‼️‼️IRS announces Jan. 27 start to 2025 tax filing season; agency continues historic improvements to expand, enhance tools and filing options to help taxpayers‼️‼️