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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tax policies

Impacts of Recent Tax Policies on Individual Tax and Business Tax

How do recent tax policies and legislation affect individuals, businesses, and different income groups? Recent tax policies and legislation have significant effects on individuals, businesses, and various income groups. Here’s a breakdown: Impacts on Individuals Tax Standard Deductions: In 2025, taxpayers will benefit from increased standard tax deductions. The Tax Cuts and Jobs Act (TCJA) […]

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tax scams

Top 5 Tax Scams for Taxpayers Should Know 

There has been a surge in tax scams, in misleading ads circulating on social platforms, asserting that taxpayers can receive free funds

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back tax

How To File My Back Taxes Online

Navigating the process of addressing overdue back taxes may appear daunting, yet it is crucial to rectify the situation promptly to prevent facing fines, accruing interest, and encountering possible legal ramifications. Instances of falling behind on tax payments can arise from various circumstances such as unanticipated financial challenges, oversight, or errors in calculation. This guide […]

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error filing taxes

When I Made an Error Filing Taxes in 2025

If you made an error when filing taxes in 2025, there are several steps you can take to correct the mistake.

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efile taxes

E-File 2022 Past Tax with PriorTax

You can E-File your 2022 past tax using PriorTax. PriorTax allows you to e-file past tax returns for 2021, 2022, and 2023.

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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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