Home Blogs Category: Taxes for Prior Years

Category: Taxes for Prior Years

With PriorTax, it’s never too late to file taxes for prior years. In fact, you can prepare your tax returns with us all the way back to the 2005 financial year. Our tax team specializes in prior year tax returns and can help prepare them as quick as your current return. Most taxpayers are not aware that they can still claim refunds for their late tax returns. You can claim refunds three years past the deadline date.

If you have other questions about your prior year taxes, leave a comment on our blog and our team will give you the answers you need!

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FAQ for Child Tax Credit and Other Tips on Tax Filing

FAQ for Child Tax Credit and Other Tips on Tax Filing

If they meet certain criteria, you may be able to claim a dependent on your taxes for child tax credit. This might include a family member, a foster child, or an adopted child. Additionally, you must be the only one claiming for them for the child tax credit on your return.

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taxes on tip

How Do I Report Taxes on Tip Income for my Tax Return?

How to report taxes on tip Income for my Tax Return. If you are a server or barista making tips, you need to know how these tips will factor into your taxes. You report taxes on tip just like you report taxes on the rest of your income.

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Tax Deduction for Homebuyers and Home Sellers

Tax Deduction for Homebuyers and Home Sellers

If you were a homebuyer or home seller in the past few years, your tax filing will be different compared to the years before. Here is what you need to know about the changes to expect.

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married filing jointly tax

Tax Brackets for Married Filing Jointly

For many newlywed couples, married filing jointly is the best option. This can provide significant tax breaks, like a larger standard deduction. However, there are some situations where it may be better to file separately. For many newlywed couples, married filing jointly is the best option. This can provide significant tax breaks, like a larger standard deduction.

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donations tax deductible

Charitable Donations Tax Deductible and Gift Tax Deduction

What to Know about the Gift Tax Deduction and Charitable Donations Tax Deductible and Under the Jobs Act and Tax Cuts.

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dependent tax credit

Tax Year 2021 Dependent Tax Credits and Deductions

Federal tax breaks for taxpayers who claim dependents, in short dependent tax credits and deductions are available to take advantage. These dependent tax credits or breaks may reduce the amount of federal income tax owed, and some even increase the refund.

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filing tax when unemployed

Filing Taxes When Unemployed

Filing tax when unemployed guidance to help taxpayers better understand what types of income may be taxable when their form W-2 is not issued because they have lost their job or are not working.

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Self Employed Tax

Self Employed Tax Forms, E-file and Calculator

What tax forms and tax regulations should self-employed tax payer be aware of. First when filing self-employed taxes, who does the IRS consider self employed and when does a self employed person to file a tax return.

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Crypto Tax

Crypto Tax

For the IRS purposes, cryptocurrency taxes are based on the fact that they consider cryptocurrency to be property? It’s essential to be on top of what the IRS regulations for crypto tax.

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stimulus check tax

Stimulus Update

Filing taxes, let’s break down things with a stimulus check update so that if you were eligible but haven’t received one or more of the stimulus checks, you’ll know what your next steps are.

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