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Dec 21, 2021

File 2020 Taxes Online to Efile

You 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.

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Dec 15, 2021

eFiling 2020

IRS offers efiling 2020 options that allow for the speedy and secure submission of efiling 2020 tax returns online, including the individual efiling 2020 income tax returns that many of us need to file each year.

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Dec 8, 2021

2019 TAX BRACKETS

Each of the seven taxable income groups or tax brackets corresponds to a tax rate. The seven 2019 tax brackets corresponded to the following tax rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%.The U.S. personal income 2019 tax system is what is known as a progressive tax system. 2019 tax brackets are used to group taxpayers according to income ranges. This creates lower 2019 tax rates for lower-income earners and higher tax rates for higher-income earners.

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Nov 22, 2021

Prior Year Tax Return

If you expect a prior year tax refund, you have three years from the original tax return deadline to file your prior year tax return and claim your refund. When you are eligible for a tax refund, there is no worry about penalties here. If you owe taxes, there is no deadline to file a prior year tax return. However, you should be aware of late filing and late payment penalties from the IRS in this case. In most instances, the IRS requires individuals to file their tax returns for the last six tax years, if required to file, to be considered squared away and in good standing with the IRS.

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Nov 3, 2021

FILE PRIOR YEAR TAXES

How to File Prior Year Taxes
Don’t stress about how to file prior year taxes. It is a step-by-step process that you can follow to file your prior year tax returns with confidence. Getting on top of filing prior year taxes may be easier than you think.

Manisha Hansraj

Jun 10, 2021

Is your 2020 tax refund still processing with the IRS?

Like many taxpayers, your tax refund may be delayed. The COVID-19 pandemic hit the world by storm. From stimulus payments, tax changes and extending the tax deadline, your refund may be taking longer than expected. If you noticed that your tax refund is stuck on the “processing” status when checking the IRS Where’s My Refund […]

Manisha Hansraj

May 24, 2021

Did You Miss the 2021 Tax Deadline?

The tax deadline has come and gone. If you didn’t file a tax return as yet, we advise that you do it as soon as possible. If you missed the 2021 tax deadline, the good news is you can still file. Here’s some helpful information before getting started. Getting a refund? If you’re due a […]

Manisha Hansraj

Jan 15, 2021

What’s New for the 2020 Tax Year?

Here’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 Hansraj

Dec 18, 2020

Understanding Joe Biden’s Tax Plan

Many Americans want to know how our future president’s tax plan will affect them. Biden’s tax plan will affect wealthier Americans, corporations, and everyday individual taxpayers. He also plans on making significant tax revisions on Trump’s previous tax plan which took place in 2017. Skip the tax jargon by taking a look at this quick […]

Manisha Hansraj

Oct 29, 2020

How to Fill Out the 2021 W-4 Form

The W-4 form has been revamped by the IRS. The IRS’ goal is to simplify the W-4 form to reflect a transparent withholding system. The 2021 W-4 form is still in it’s draft stages, but will most likely reflect the 2020 W-4. Although the 2020 and 2021 W-4 forms appear different from previous forms, we’re […]

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