Get up to date on all tax news from the IRS. The IRS is constantly updating us with law changes and new rules. Sometimes, it’s too much to keep up with. We’ll decipher the confusing lingo while you focus on staying current on what’s really important.
If you have more questions about staying up to date with the IRS, leave a comment. Our tax team is ready to help!
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Sep 9, 2022As higher education costs continue rising, many students struggle to repay their loans. US Government proposes a new income-based repayment and Student Loan Forgiveness plan to make the lending process more manageable for future borrowers.
adminAug 10, 2022You can use PriorTax to Efile online previous years taxes returns for up to 3 years after it is due. Simply create or log into your PriorTax account or create a new account to begin to Efile tax returns online.
adminMay 11, 2022To be tax deductible donations to Ukraine, these donations need to follow the rules for contributions to charity for use abroad and gifts to a foreign charity. Unfortunately, direct donations to a foreign charity or donations made to a domestic charity that then hands over the funds to a foreign charity are not tax deductible donations to Ukraine.
adminMar 7, 2022PriorTax simplifies your tax filing, making easy tax filing possible. Easy Free tax filing is available for current tax year. Otherwise you’ll want to have all of the relevant documents close to hand – either hard copies or PDFs will work.
adminFeb 24, 2022The ultimate guide to Free tax filing 2021. Free online tax filing and free federal tax filing. When can I start a free tax filing for the 2021 tax year.
adminFeb 9, 2022Reviewing 2021 Tax Brackets to calculate how much tax you owe can get complicated. How much tax depends on which 2021 tax brackets your total taxable income will fall into.
adminJan 25, 2022Filing taxes, let’s break down things with a stimulus check update so that if you were eligible but haven’t received one or more of the stimulus checks, you’ll know what your next steps are.
adminDec 21, 2021You can still file 2020 taxes online. However, the deadline for filing 2020 taxes on time was May 17, 2021. Or, if you got an extension, the deadline for filing 2020 taxes was pushed back to October 15, 2021. The deadlines have passed, the IRS will consider your 2020 tax return to be late. However, continue to accept prior year tax returns, including 2020 tax returns. The prior year tax services at PriorTax.com offer a cost-effective option to get up to date on your filing obligations. Preparing to file 2020 taxes online returns for previous years while helping you to ensure you are always filing following the right tax regulations for the right year.
Manisha HansrajJan 15, 2021Here’s the breakdown of all the changes. Standard deduction For the 2020 tax year, the standard deduction amounts have increased. Here are the amounts below. For taxpayers who are blind or at least 65 years old, they can claim an additional standard deduction. The standard deduction is $1,300 and $1,650 for the single or head […]
Manisha HansrajJan 11, 2021For the 2020 tax year, there’s a new income statement. The IRS has introduced a new form called Form 1099-NEC. Whether you’re well versed in reporting your taxes or not, this may be confusing. Typically, your self employment income is reported on box 7 of your 1099-MISC statement. For the 2020 tax year it is […]
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