Home Blogs Category: Tax Tips and Tricks

Category: Tax Tips and Tricks

Taxes are confusing and cause many taxpayers stress come tax season but PriorTax is here to help. Learn the tax tips and tricks to get you through the preparation process. You could be missing out on more money from the IRS which is why we want to help. We’ll let you know about hidden deductions and rare credits to report on your tax return to maximize your refund. Don’t hesitate to leave a comment on our blog if you have a question about your tax situation. Also, check back here for new tips and tricks throughout the tax season because our team is on the lookout!

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2025 tax bracket
admin
Jan 13, 2025

2025 Tax Bracket

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 […]

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2023 past tax
admin
Jan 6, 2025

E File My 2023 Past Tax Online

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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car lease tax deduction
admin
Dec 26, 2024

Maximize your tax benefits and tax returns from making a car loan or car lease.

Understand the legitimate tax benefits related to vehicle financing such as car loan and car lease. Tax Deduction For Personal Use Vehicles When it comes to individual transportation methods, there are various ways to potentially save money through tax deductions. By itemizing deductions, you have the opportunity to claim the interest on your car loan […]

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tax interest rate
admin
Dec 19, 2024

Tax Interest Rate For 2025 Q1

The tax interest rate is reassessed every quarter. Non-corporate taxpayers are subject to an overpayment and underpayment rate equal to the federal short-term rate plus an additional 3 percentage points. For the initial quarter of 2025, the latest tax interest rates have been unveiled by the IRS, introducing significant modifications that will affect individuals’ and […]

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tax scams
admin
Dec 5, 2024

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
admin
Nov 28, 2024

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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efile taxes
admin
Nov 7, 2024

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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tax deduction 2025
admin
Oct 24, 2024

Higher Standard Tax Deductions in 2025 

higher standard tax deductions in 2025 will provide taxpayers with the opportunity to allocate more of their income toward shielding it from future taxation

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tax payment
admin
Oct 10, 2024

How to Pay My Taxes: 8 Ways to Make a Tax Payment in 2024

find a free dedicated tax professional for help to facilitate direct tax payment

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investment gains
admin
Oct 3, 2024

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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