Standard Deduction vs Itemized Deduction
Standard Deduction vs Itemized Deduction—What’s the Difference? Understanding the difference between the standard deduction and itemized deduction is really fairly simple. Understanding the implications of the difference— how they might matter to your bottom...
Education Tax Credits and Deductions
PRIME’s tax experts help you understand how to take advantage of education tax credits and deductions. If you paid for college in the last year—for yourself, your spouse, or your dependent—you may be able to claim the American opportunity tax credit (AOTC) or the...
Understanding Military Tax Benefits
Military Tax Benefits Here at PRIME Corporate Services, we’re eternally grateful for the bravery and dedication shown by the members of our nation’s military. That’s why we’re thrilled to share some tax benefits that are only available to those who serve in the Armed...
Get Paid Back for Keeping Employees
Calling all small businesses affected by COVID-related shutdowns and disruptions – Did you know you may be eligible for 2020 – 2021 employee retention tax credits of up to $26,000 per employee? For example, if you have five employees at an average credit of...
