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!

What Are Allowances on a W-4?

What Are Allowances on a W-4?

You must pay tax to the IRS but your W-4 form lets you decide when to pay it. When beginning a new job, you may remember your employer handing over a W-4 form (along with the pile of other paperwork) to fill out. Your W-4 form determines how much tax is withheld from your income […]

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How to Determine Your W-4 Allowances

How to Determine Your W-4 Allowances

Confused about how to fill out your W-4 form? If you’re completing your W-4 form and have no idea how many allowances to claim, you’re not alone. That being said, it’s important to be aware of the number of allowances you’re claiming to avoid a large tax bill after filing. The W-4 form determines how much tax is withheld […]

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Where Is My State Tax Refund?

Where Is My State Tax Refund?

Check the status of your state tax refund online For all our kvetching, the IRS is *usually* pretty good about sending out tax refunds in a timely manner. In other countries, Australia for example, it’s not uncommon to hear of people waiting 20 or even 30 weeks for their tax refunds. But state tax refunds […]

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6 Reasons to Choose the PriorTax CPA Review

6 Reasons to Choose the PriorTax CPA Review

With only two certainties in life, nixing your accountant is a tough choice to make. Choosing PriorTax means you don’t have to. When telling some people to ditch the accountant and file their taxes online instead, they look at you like you just told them to stop drinking coffee in the morning. It’s scary, sounds […]

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11 Sensible Ways to Spend Your 2012 Tax Refund

11 Sensible Ways to Spend Your 2012 Tax Refund

Did you know you have until April 18th, 2016 to claim your 2012 tax refund? If you didn’t know, then this information might feel a little like finding a $5 bill in an old winter coat. With that in mind, you’re probably thinking about how you can spend it, right? Before I get into the great […]

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How To File Taxes as an Actor or Performer

How To File Taxes as an Actor or Performer

Update: This applies to 2018 tax returns and further tax returns with years 2018 – 2025. Due to the Tax Cuts and Jobs Act, performers who receive W-2 statements, or who are recognized as employees can no longer deduct out-of-pocket job expenses. You will only be able to deduct expenses if you are filing a […]

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5 Things You’ll Need to Report On a Self-Employee or Business Tax Return

5 Things You’ll Need to Report On a Self-Employee or Business Tax Return

Before Report Self-Employment or Business Income, Know what You’ll Need If you need to report self-employment income or business income on a tax return, it’s best to organize the papers you’ll need before getting started. Filing a Schedule C may seem like a daunting task. However, you can avoid complications by keeping your records organized […]

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How to File a Tax Return with Multiple Types of Income

How to File a Tax Return with Multiple Types of Income

Reporting multiple sources of income on a tax return may seem overwhelming. We’re here to help. Most tax filers report income earned from an employer on a tax return. This information is listed on a W-2 form and is usually pretty easy to report on a tax return. However, filing a tax return can become […]

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6 Tax Tips for the Unemployed

6 Tax Tips for the Unemployed

As you juggle LinkedIn, classified ads and resume critiques, keep in mind that your unemployment income is taxable. If you’re wondering if you need to file a prior year tax return for a year you were unemployed in,  the answer is yes. Don’t look at unemployment as a free pass from taxes. In fact, if you’ve […]

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When Will I Get My State Tax Refund? How Do I Check State Refund Status?

When Will I Get My State Tax Refund? How Do I Check State Refund Status?

Are you wondering when you will get your state tax refund? Some states process refunds in days while others can take up to 16 weeks. Many tax filers know about the IRS “Where’s My Refund?” tool  to learn the status of federal refunds. However, some don’t know where to check the status of a state […]

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