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!

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FILE PRIOR YEAR TAXES

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.

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FILE 2019 TAXES

FILE 2019 TAXES

Now that you’ve decided to get back on track with your tax filing obligations, where to start? The first step to filing any prior-year tax return, including your 2019 taxes, is to gather all the information you will need.

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Is your 2020 tax refund still processing with the IRS?

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 […]

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Did You Miss the 2021 Tax Deadline?

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 […]

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What’s New for the 2020 Tax Year?

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. Single or Married filing separately – $12,400 Married filing jointly and Qualifying widow(er) – $24,800 Head of Household – $18,650 For taxpayers who are blind or at least 65 years […]

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Understanding Joe Biden’s Tax Plan

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 […]

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How to Fill Out the 2021 W-4 Form

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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Did you Miss the 2019 Tax Deadline?

Did you Miss the 2019 Tax Deadline?

Rushing to file your tax return at the last minute? We get it. Life is busy, especially when working from home with family or if you have other priorities. If filing your taxes has slipped your mind, we’re here to help. The good news is, you can still file. Here’s what you need to know. […]

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Prepare for Tax Year 2020

Prepare for Tax Year 2020

The IRS already announced the inflation adjustments for next year. Although the e-file and extension deadline is in a month, the year is almost gone. 2020 has been more than a roller coaster ride, and the next tax season is only a few months away. Many taxpayers may wonder how their stimulus payments affect your […]

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When does the additional $300 unemployment benefit begin?

When does the additional $300 unemployment benefit begin?

Jobless Americans are worrying about their unemployment benefits. Since the extra $600 weekly benefit disappeared, their income is significantly less. Those who are out of work depend on their unemployment income to pay their bills. Recently, President Donald Trump issued a measure for $400 per week to aid Americans. However, instead, it’s an additional $300 […]

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