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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education tax credit
admin
Apr 13, 2023

Guide to your Education Tax Credit and Tax Deduction

Here is what the IRS has said about education tax credit on its expenses. Guidelines for claiming education expenses include

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Earned Income Tax Credit (EITC) in 2023
admin
Apr 6, 2023

Earned Income Tax Credit (EITC) in 2023

Designed to provide financial relief, the low-to-moderate-income worker’s and family’s credit seeks to help those struggling to make a living wage.

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Self Employment Tax Write Off
admin
Mar 30, 2023

Self Employment Tax Write Off

you can deduct any work-related expenses you spend on business-related items such as cell phones, Internet service, software, and office supplies. You may also be able to benefit from self employment tax write off some home office expenses.

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self employment tax
admin
Mar 24, 2023

Self Employment Tax Filing in 7 Steps

Don’t let the thought of tax filing your self-employment tax gets you down – it’s actually easier than you think. Here are 7 simple steps to make sure your hard-earned money is going exactly where it needs to go.

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Truck Driver Tax
admin
Mar 16, 2023

How Truck Driver can File Taxes 2023

Tax can be stressful for truck drivers filing tax when figuring out the best way to write off meals, miles and everything in between

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business computer tax deduction
admin
Mar 8, 2023

Business Computer Tax Deduction

Computers grace our homes, offices, and classrooms, but can it be have tax deduction benefits from your 2023 taxes? The answer is yes!

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Business Meal Tax Deduction for Freelancers and Small Business Owners
admin
Mar 1, 2023

Business Meal Tax Deduction for Freelancers and Small Business Owners

For many freelancers and small business owners, there is a common misconception that lunch must include fancy things like white tablecloths and French waitpersons in order to be eligible for a tax deduction. This is simply not true

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receipts tax
admin
Feb 23, 2023

Tips for Keeping Receipts for Tax in 2023

Instead of stuffing their wallets and glove compartments with paper receipts for tax, 1099 contractors and freelancers we can now experience a sense of liberation. Keeping track of these paper receipts is no longer necessary.

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mortgage interest deduction
admin
Feb 14, 2023

The Mortgage Interest Deduction – What You Need to Know?

The tax year 2022, which applies to returns filed in 2023, brings with it up-to-date information regarding the Mortgage Interest Deduction. This deduction allows homeowners to significantly reduce

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small business tax
admin
Feb 10, 2023

Small Business Tax Filing Tips for 2023

As a small business owner, it is vital to ensure you take every measure available to reduce your small business taxation.

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