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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April 15, 2019 is the Last Day to Claim your 2015 Refund!
Manisha Hansraj
Oct 30, 2018

April 15, 2019 is the Last Day to Claim your 2015 Refund!

Running late on your refund? Refunds come and go when it comes to taxes. Luckily, for you, you can still claim the 2015 refund that you’ve been delaying. Just remember, you have three years within the original due date of your 2015 tax return to claim your refund. This is due to the IRS Statute of […]

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What do I do if someone else claimed my dependent?
Manisha Hansraj
Oct 16, 2018

What do I do if someone else claimed my dependent?

In the worst case scenario, the IRS rejects your tax return. Someone else claimed my dependent. What should I do? Luckily, the IRS gives you options in case you’re stuck in this situation. Unfortunately, the IRS cannot disclose who claimed your dependent. Typically it’s either the other parent, their child claimed themselves as an exemption […]

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Can I pay my federal taxes with a credit card?
Manisha Hansraj
Sep 10, 2018

Can I pay my federal taxes with a credit card?

The IRS can’t directly accept credit card payments due to tax laws. However, they can accept payments through a third-party processor. For example, online tax preparation companies are third-party processors since they are designated by a merchant to handle transactions for merchant acquiring banks. They can then assist you in making your credit card payment […]

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11 Tax Tips For Your Back-to-School Use!
Manisha Hansraj
Aug 21, 2018

11 Tax Tips For Your Back-to-School Use!

Education is expensive, so here’s some helpful tips! Get your tax break from claiming your kids. Don’t forget to claim up to $1,000 for the Child Tax Credit. (Your child must be under 17, live more than half the year with you, a dependent on your tax return, be directly related to you, a U.S. […]

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What is the Estimated Tax Payment Schedule?
Manisha Hansraj
Aug 7, 2018

What is the Estimated Tax Payment Schedule?

Do you need to make estimated tax payments? Typically, if you receive a W-2, your taxes are automatically withheld. However, if you earn money from self-employment, interest, dividends, or rents, you will have to make estimated tax payments. This ensures that you’re paying your taxes. Read on to find out the estimated tax payment schedule […]

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The Child Tax Credit & Additional Child Tax Credit Changes for 2018!
Manisha Hansraj
Jul 23, 2018

The Child Tax Credit & Additional Child Tax Credit Changes for 2018!

Let your kids treat you by giving you the tax break you deserve. Typically, for the prior tax years, (including the tax year 2017) you can receive up to $1,000 per qualifying child for the Child Tax Credit (CTC). You may even get the Additional Child Tax Credit (ACTC) which is a refundable credit that you […]

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April 17th, 2018 is the Last Day to Claim your 2014 Refund!
Manisha Hansraj
Jan 16, 2018

April 17th, 2018 is the Last Day to Claim your 2014 Refund!

Don’t delay your 2014 refund. Your 2014 refund is waiting for you. Luckily, the IRS allows you to claim your refund due to their convenient Statute of Limitations. However, you have three years from the original tax deadline date to claim your tax refund. With that in mind, if you wait three years after the […]

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How to File Your 2016 Taxes After The Tax Deadline
admin
Dec 26, 2017

How to File Your 2016 Taxes After The Tax Deadline

Did you miss the 2016 tax deadline? With tax seasons coming and going, you probably have some catching up to do. Luckily, you can still file your 2016 tax return if you’re one of many taxpayers that are rushing to stay on top of a missed 2016 tax deadline. That being said, start raiding your rooms for all […]

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How do I Qualify for the Child Tax Credit?
Divya Hansraj
Jun 16, 2017

How do I Qualify for the Child Tax Credit?

Oh, the joys of having children! Today, it is difficult for parenthood to have its rewards. Children want us to buy them the most expensive toys and clothing and that spending can sometimes feel fruitless. As with struggling to finish a marathon, we strive, hoping there will be a light at the end of the […]

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Unfiled tax returns have you drowning?
admin
Jun 6, 2017

Unfiled tax returns have you drowning?

Overwhelmed With Prior Year Unfiled Tax Returns? While most Americans finish or have finished their current year taxes, others have stacks of unfiled tax returns from previous years. You may feel swamped with the pressures of work and within a blink of an eye, you wake up to find an IRS notice in the mailbox. Let’s face […]

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