Home Blogs Category: Tax and Life Changes

Category: Tax and Life Changes

Life changes and your taxes go hand in hand; believe it or not. That being said, it’s easy to forget about your tax return as a newlywed or when you’re welcoming a newborn into the family. Be aware that many of these changes also make you eligible for deductions and credits on your tax return. In some cases, you may need to update your W-4 form as well. PriorTax will keep you up to date on what to do when these life changes occur. You won’t be left in the dark.

Check back here for answers to your questions about how these changes affect your taxes.

 

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investment gains

Maximizing Investment Gains from Optimizing My Tax Filing

tax implications plays an important function in maximizing the profitability of your investments

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tax extension deadline

Approaching October Tax Extension Deadline for 2023 Tax Filing 

Consequences from missing the October Extension Tax Filing Deadline. As the clock ticks towards the deadline, taxpayers must be aware

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2025 Tax Filing with the new Interest Rates and Inflation

2025 Tax Filing with the new Interest Rates and Inflation

Rate reduction amounted to half a percentage point or 50 basis point. The implications of this development on their finances, savings, and tax situation

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Marriage Tax

Did You Get Married this Summer or Plan to Marry This Year?

Upon entering matrimony or marriage, your tax circumstances transform. The tax filing options available for the whole year are contingent upon your marital status on December 31

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IRS Tax Levy

I Got an IRS Tax Levy, Which is Causing Me Financial Problems.

When faced with an IRS Tax levy, the pressure and strain can be overwhelming, mainly if it results in substantial financial strain

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2025 tax withholding

2025 Tax Withholding and Your W-4

explore some tips for modifying your 2025 tax withholding

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Tax Cuts and Jobs Act

Good for Those Working From Home in 2025

With the anticipation of the expiration of the Tax Cuts and Jobs Act (TCJA), an important change may affect workers who spend part of their workweek at home

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property tax

How to Tax Deduct My Property Taxes in 2025?

The amount of property tax owed is determined by the specific regulations set by the local authorities in the area where the property is situated. Having a clear grasp

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Child Tax Credit in 2025

Dependents and Child Tax Credit and Benefits in 2025

Tax benefits and child tax credit in 2025 have the potential to lessen or completely eliminate your tax obligations greatly.

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Summer Tax Deduction

Summer Tax Deduction from Child Care and Child Activities during Summer Break

Intelligent tax deductions can help through flexible spending accounts and dependent care credits from summary time for Summer Tax Deduction

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