potential tax on tips exemption represent a major shift in how the IRS treats tip income and reshape the economics of service nationwide
The 2025 Personal Tax Planning Guide highlights several key areas that could significantly impact your investment tax strategies and tax obligations
New guidelines setting $5,000 reporting threshold for 2024 payments processed via third-party payment networks in Tax Form 1099-K in 2025
States Not Currently Supporting Tax Direct File in 2025 and states are participating in Direct File in 2025
At PriorTax, we’ve helped thousands of taxpayers discover overlooked tax deductions and tax credits from past taxes
When considering real estate investment opportunities, it’s important to acknowledge the potential risks involved along with the various tax benefits real estate investment can offer. Diversifying your investment portfolio through real estate is a common strategy that allows you to potentially generate income from a new source or transform a personal interest into a profitable […]
When you sell an asset, you may earn capital gains, which are the profits from the asset sales. The capital gain taxes rate on these capital gains can vary based on the time duration you held the asset.
Looking forward to filing your taxes? It’s not a sentiment everyone shares, but if you’ve been anticipating it, tax season is fast approaching. Prepare yourself for the 2025 tax season by noting the important deadlines for submitting your federal tax return, whether by mail or electronically. The official start date for filing is set for […]
Each year, the IRS (Internal Revenue Service) adjusts over 50 or more tax provisions to counteract the effects of economic inflation and avoid tax bracket creep, which is true for the 2025 tax bracket as well. This phenomenon, known as the tax bracket creep, involves individuals being pushed into higher income tax brackets to pay […]
E-File My 2023 Past Tax Online: Avoiding Penalties, Making Amendments, and Maximizing Your Return Tax season can be stressful, but it doesn’t have to be. E-file your 2023 past tax online with Prior Tax offers a convenient, quick, and accurate way to meet your tax obligations while maximizing your chances of receiving the refund you […]
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