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!

Filter by Category:
IRS Direct File
admin
Feb 20, 2025

Everything you Need to Know about Direct File in 2025

States Not Currently Supporting Tax Direct File in 2025 and states are participating in Direct File in 2025

Read More
2023 past tax
admin
Feb 13, 2025

Why Revisiting Your Past Taxes Returns Could Put Money in Your Pocket

At PriorTax, we’ve helped thousands of taxpayers discover overlooked tax deductions and tax credits from past taxes

Read More
tax benefits real estate
admin
Feb 6, 2025

Tax Benefits of Real Estate Investment

When considering real estate investment opportunities, it’s important to acknowledge the potential risks involved along with the various tax benefits real estate investment can offer. Diversifying your investment portfolio through real estate is a common strategy that allows you to potentially generate income from a new source or transform a personal interest into a profitable […]

Read More
investment gains
admin
Jan 30, 2025

Capital Gains Taxes

When you sell an asset, you may earn capital gains, which are the profits from the asset sales. The capital gain taxes rate on these capital gains can vary based on the time duration you held the asset.

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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

Read More
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 […]

Read More
See Older Blogs

Don’t Miss Any Updates

Sign up with your email to receive latest updates.