FAQs
Frequently Asked Questions to help you navigate taxes
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Taxes can be daunting, so TigerTax has compiled a list of tax FAQs to help you confidently navigate tax season.
Additional Resources
Tax Withholding Estimator
Q: How can I reduce my tax bill?
Working with our tax professionals will help you apply every tax deduction you qualify for.
Q: What kinds of deductions do I qualify for?
As part of our standard tax preparation process, our team will figure out which deductions you qualify for. This list may include these common deductions:
- child tax credit
- earned income tax credit
- business expense deductions
Q: What expenses can I deduct?
The standard deduction is 25,900 for Married filing jointly couples, 12,750 for single filers. Common expenses are:
-child care & preschool tuition
-student debt interest
-mortgage interest
-property taxes
Q: How soon will I get my refund?
The average wait time for a tax refund is 1-3 weeks.
Q: What filing status should I choose?
There are 4 filing statuses: Single, Head of Household, Married Filing Jointly, or Married Filing Separate
If you are single with no dependents, you will file Single status
If you are unmarried and intend to claim dependents, you will file Head of Household
If you are married, most often you will want to file Jointly
Some cases, although rare, it may benefit you to file Married Filig Separate even if you’re married.