Home Blogs Category: Tax News

Category: Tax News

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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tax benefits in 2025

Instructions for Filing the New 2018 Form 1040!

The IRS finally released the new 2018 tax return. You’ll see some obvious changes in the new tax return. But first, here’s a breakdown of how to report your tax information. Keep reading to find out how filing this upcoming tax season will be different. Introducing Schedules 1 – 6 Form 1040 will be shorter […]

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How are Charitable Deductions Affected by the TCJA?

How are Charitable Deductions Affected by the TCJA?

Generosity has its perks, or rather its tax benefits. Keep in mind, taxpayers are able to easily itemize once they exceed their standard deduction. This typically happens by taxpayers claiming charitable donations along with any expenses they have. It then becomes greater than their standard deduction. However, the standard deduction is twice the amount for 2017. […]

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Cyber Monday is HERE, with some sales tax…

Cyber Monday is HERE, with some sales tax…

We’ll surf through crowds to get our hands on the newest flatscreen tv. Like most Americans, we rush to get deals on Black Friday, or even better Cyber Monday. However, taxpayers rely heavily on Cyber Monday to buy the items they have on their wishlist because if an online retailer doesn’t have a physical presence […]

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e-filing 2020 tax

When is the Deadline to File Taxes for 2018?

Am I too late to file my 2017 taxes? For taxpayers who are receiving a refund, there’s absolutely nothing to worry about! The IRS does not attach penalties to late returns that have refunds. On the other hand, if you had a tax due to the IRS, you must have paid your taxes to the IRS by […]

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Obamacare VS. Trumpcare: 3 Ways Taxes Will Be Affected

Obamacare VS. Trumpcare: 3 Ways Taxes Will Be Affected

Obamacare made it through the election. Will it stay on your tax return? Every new president brings on a new aura for Americans to bask in, and while emotions run high, opinions begin to surface. Suddenly, cheerful holiday dinners turn into political debates. Some chime in while the rest of us are just trying to decide between […]

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PriorTax Partners With Trustpilot to Spread the Word

PriorTax Partners With Trustpilot to Spread the Word

This tax season, PriorTax has joined forces with Trustpilot to show just how much our customers enjoy working with us! We know how important customer reviews are. From vacation spots to the next restaurant we plan to dine at, we’re constantly researching to find the best. The same goes for filing your taxes. That’s why […]

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2016 Tax Rates and Standard Deduction

2016 Tax Rates and Standard Deduction

Time to reflect on the new 2016 tax rates. Once the new year comes around, we tend to reevaluate ourselves and reflect on our accomplishments (and setbacks) from the past year. This is also a time when we think about how we can better ourselves for the year to come. For many of us, that means […]

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7 Tax Updates for 2016

7 Tax Updates for 2016

5…4…3…2…1….. Happy Tax Season 2016! With the new year comes promises to lose weight, shiny new engagement rings, and of course…annual tax updates. While most tax laws remain consistent from one year to the next, there are some that change. We are here to share a sneak peek of 7 tax updates coming your way […]

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NY Middle Class Families to Receive $350 Check | Tax Rebate

NY Middle Class Families to Receive $350 Check | Tax Rebate

Thousands of NY Middle Class Families will be receiving a $350 Rebate Check from NY State This Month If sometime over the next month you receive a $350 check from New York State, don’t throw it away.  It’s not a joke. Instead, it’s a Middle Class Family Rebate from the state. That’s right, instead of […]

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Federal Tax Debt Relief

Federal Tax Debt Relief

There’s nothing less pleasant than owing the IRS money. Find out how PriorTax can help. Most people who are late on their taxes find there’s nothing to worry about. In fact many get a refund. But for an unfortunate few, late taxes mean crippling debt that seems impossible to pay off. These problems, however, are […]

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