Insights & Strategies for Smarter Tax Planning
Expert advice, updates, and practical tips to help you keep more of what you earn.
At FasTax Inc., we believe that knowledge is power, especially when it comes to managing your money and minimizing your tax burden.
Our blog is designed to keep individuals and small businesses in Hampton Roads informed with timely updates, easy-to-understand strategies, and actionable insights. From breaking down tax law changes to sharing smart financial planning tips, we’re here to help you make informed decisions year-round.
Explore our latest posts and see how proactive tax planning can protect your bottom line. Want to talk more about what you read here? Send us a message or call us at (757) 460-5862.
Mistakes Hampton Roads Taxpayers Should Avoid When Filing For a Federal Tax Extension
Key TakeawaysA federal extension provides six extra months to file, but all taxes owed must still be paid by the April 15th deadline to avoid...
s the Self-Employment Tax Credit Real? And Other Tax Scams Hampton Roads Taxpayers Should Watch For
Key TakeawaysToday’s tax scams look professional, sound convincing, and are built to get your Social Security number, filing credentials, or...
Will the IRS Ever Call You On the Phone? 6 Tax Scams for Hampton Roads Taxpayers to Avoid
Key TakeawaysThe IRS does not initiate first contact by phone, text, email, or social media. Initial contact is generally made by mail. A...
FasTax Inc.’s Top 4 Reasons For Filing a Tax Extension
Key TakeawaysA federal tax extension gives you until October 15 to file your individual return, but it does not extend the time to pay tax...
How Do Taxes for Freelancers and Hampton Roads Gig Workers Work?
Key TakeawaysIf you had freelance or side gig income in 2025, you report it on Schedule C. If your net profit is $400 or more, you also file...
How Long Should My Tax Refund Take? What Hampton Roads Taxpayers Can Expect
Key TakeawaysMost federal tax refunds are issued within 10–21 days after the IRS accepts your e-filed return. E-filing with direct deposit is...
Are IRA Contributions Deductible for Hampton Roads Savers?
Key TakeawaysTraditional IRA contributions may be deductible, depending on your income, filing status, and whether you or your spouse are covered by...
Hampton Roads Taxpayers Filing in 2026: When Should You Hire An Accountant For Taxes?
Key TakeawaysIf your return is truly simple (one W-2, standard deduction, no investments or side income), tax software may be sufficient. If...
How Much Do I Have To Make To File Taxes With My Hampton Roads Tax Preparer?
Key Takeaways For the 2025 tax year, a single taxpayer under age 65 generally does not need to file if total income is below $15,750 (assuming...