Tax News Blogs

potential tax on tips exemption represent a major shift in how the IRS treats tip income and reshape the economics of service nationwide

The 2025 Personal Tax Planning Guide highlights several key areas that could significantly impact your investment tax strategies and tax obligations

New guidelines setting $5,000 reporting threshold for 2024 payments processed via third-party payment networks in Tax Form 1099-K in 2025

States Not Currently Supporting Tax Direct File in 2025 and states are participating in Direct File in 2025

At PriorTax, we’ve helped thousands of taxpayers discover overlooked tax deductions and tax credits from past taxes

When considering real estate investment opportunities, it’s important to acknowledge the potential risks involved along with the various tax benefits real estate investment can offer. Diversifying your investment portfolio through real estate is a common strategy that allows you to potentially generate income from a new source or transform a personal interest into a profitable […]

When you sell an asset, you may earn capital gains, which are the profits from the asset sales. The capital gain taxes rate on these capital gains can vary based on the time duration you held the asset.

Looking forward to filing your taxes? It’s not a sentiment everyone shares, but if you’ve been anticipating it, tax season is fast approaching. Prepare yourself for the 2025 tax season by noting the important deadlines for submitting your federal tax return, whether by mail or electronically. The official start date for filing is set for […]

** updated 6-19-2026 The IRS bumped every income threshold in the 2025 tax brackets upward by roughly 2.8%. That single change ripples through your 2025 tax filing from paycheck, your withholding, and your tax refund or balance due. If you’re filing as a single taxpayer, a married couple, or a head of household, the federal […]

E-File My 2023 Past Tax Online: Avoiding Penalties, Making Amendments, and Maximizing Your Return Tax season can be stressful, but it doesn’t have to be. E-file your 2023 past tax online with Prior Tax offers a convenient, quick, and accurate way to meet your tax obligations while maximizing your chances of receiving the refund you […]