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December 24, 2025

No Tax on Tips: How Restaurant Servers Can Now Claim Up to $25,000 in Deductions

By The PackTax Team If you’re a restaurant server hustling through double shifts, chasing that end-of-night tip jar, you’ve probably wondered how much Uncle Sam takes from your hard-earned gratuities. Good news: The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, changes the game with its “No Tax on Tips”…

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July 2, 2025

Claiming your Kids on Taxes

By: Taylor Miller It’s one of those things that seems straightforward… until it’s not. So let’s walk through some of the basics you should be aware of. Let’s start with a few ground rules: The child must be a U.S. citizen (or meet certain residency requirements). A child can only be claimed on one tax…

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June 17, 2025

Tax Credits vs. Tax Deductions

By: Chase Howard Tax Deductions vs. Tax Credits Today we’re diving into something that could literally save you thousands of dollars—yep, we’re talking taxes. More specifically, tax deductions vs. tax credits—two terms you’ve probably heard tossed around a lot, but maybe not fully understood. Don’t worry, you’re not alone. A lot of people confuse the…

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June 10, 2025

Understanding Education Tax Credits

By: Justin Parkinson When it comes to education tax benefits, there are three main tools at your disposal: Non-refundable tax credits: These reduce the amount of tax you owe. If your tax bill is lower than the credit, you won’t get the difference refunded. Refundable tax credits: These can actually give you money back, even…

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June 2, 2025

Tax Deadlines

By: Lauren Gines Tax season can be… a lot. So let’s break it down—one deadline at a time. If you’re running a business and you don’t file your taxes on your personal return, this one’s for you. We’re talking about partnerships (which file a 1065) and S Corporations (which file an 1120-S). The big date…

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May 29, 2025

Retirement and Taxes

Taylor Miller Two Ways to Save A 401(k) is a retirement plan that allows you to take money from your paycheck and save it before it’s taxed—or, if you prefer, after it’s taxed. When you contribute pre-tax, the money goes into your 401(k) without being taxed. Then, when you retire and take that money out,…

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May 28, 2025

Can I Deduct That?

By Diamond Womack “Can I deduct my student loan interest?” This is a question we get all the time. And the short answer is: yes—but it depends on your income. If you’re single (or a single mom, or just filing solo), the student loan interest deduction starts phasing out at $80,000 of income. For married…

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May 12, 2025

Understanding Tax Brackets

By: Katie Malan How do Tax Brackets Work? Tax brackets are hugely misunderstood. Most people don’t have a full understanding of how tax brackets work. Today, we’re going to map out tax brackets and give you some examples to help you understand them. First, what is a tax bracket? The brackets are simply that.…

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May 9, 2025

Understanding Itemized Deductions

What they are and why they matter. Today, I want to walk you through itemized deductions—what they are, when they apply, and how they can help reduce your tax bill. When we file our taxes, we start with all our income—W-2s, 1099s, self-employment income, rental income, and more. We subtract the adjustments the IRS allows…

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