Contributions to Tax-Exempt Organizations aka “IRS Qualified Charities” are Tax Deductible If you itemize your deductions (rather than taking the standard deduction), your donations are tax deductible. Don’t get too excited though, you’ll only be able to deduct contributions made to qualified charities and organizations. Not sure what organization to donate to this year? We’re […]
Did you make a donation this year? Here are a few tips for claiming it on your tax return. What’s better than getting a larger tax refund from your tax return? Giving to a good cause. In fact, WebMD.com’s article “The Science of Good Deeds”, explains that giving to others not only gives something called a […]
Working remotely taxes can be confusing, especially if you live in one state and work for a company located in another state. For most, working remotely from home is much more convenient than commuting to a job. There’s no train rides, sitting in traffic or obnoxious co-workers to sit next to. However, trading in your […]
The price of gas has gone down in 2014, and so has the Standard Mileage Rate! Tax Season 2015 is here. Before filing your 2014 taxes, you’ll want to organize any receipts related to the costs of your vehicle if used for business, medical, charity or moving reasons. It pays to stay organized; the more […]
No need to use an AMT Calculator 2014, the PriorTax application will do the Alternative Minimum Tax Calculations For You! Trying to figure out your AMT? There’s Alternative Minimum Tax Calculators out there to help you figure out your AMT total, or you can do the AMT calculations yourself. Be honest though- do you really […]
You can File 2013 Taxes Late with PriorTax. If you planned on filing your 2013 taxes by the October 15, 2014 deadline but never got around to it, don’t panic. You can no longer e-file a 2013 tax return, but you’ll still be able to file 2013 taxes late with PriorTax. Thanks to the 2013 tax software, you […]
Raise your hand if you still need to file your 2013 tax return. PriorTax is here to help! Have you been putting off filing your 2013 taxes and still need to gather your 2013 tax forms? Maybe you haven’t yet filed your 2013 tax return because you’re unsure of how to fill out a 2013 […]
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 […]
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 […]
After April 15, 2015, you’ll no longer be able to claim your 2011 Tax Refund Mark your calendar- April 15, 2015 is not only the deadline to file your 2014 tax return, it’s also the last day you’ll be able to file your 2011 tax return and receive your 2011 refund. The statute of limitations […]
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