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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How Truck Driver can File Taxes 2023
admin
Mar 16, 2023

How Truck Driver can File Taxes 2023

Tax can be stressful for truck drivers filing tax when figuring out the best way to write off meals, miles and everything in between

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Business Computer Tax Deduction
admin
Mar 8, 2023

Business Computer Tax Deduction

Computers grace our homes, offices, and classrooms, but can it be have tax deduction benefits from your 2023 taxes? The answer is yes!

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Business Meal Tax Deduction for Freelancers and Small Business Owners
admin
Mar 1, 2023

Business Meal Tax Deduction for Freelancers and Small Business Owners

For many freelancers and small business owners, there is a common misconception that lunch must include fancy things like white tablecloths and French waitpersons in order to be eligible for a tax deduction. This is simply not true

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Tips for Keeping Receipts for Tax in 2023
admin
Feb 23, 2023

Tips for Keeping Receipts for Tax in 2023

Instead of stuffing their wallets and glove compartments with paper receipts for tax, 1099 contractors and freelancers we can now experience a sense of liberation. Keeping track of these paper receipts is no longer necessary.

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The Mortgage Interest Deduction – What You Need to Know?
admin
Feb 14, 2023

The Mortgage Interest Deduction – What You Need to Know?

The tax year 2022, which applies to returns filed in 2023, brings with it up-to-date information regarding the Mortgage Interest Deduction. This deduction allows homeowners to significantly reduce

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Small Business Tax Filing Tips for 2023
admin
Feb 10, 2023

Small Business Tax Filing Tips for 2023

As a small business owner, it is vital to ensure you take every measure available to reduce your small business taxation.

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Highlights of Tax Changes for 2023
admin
Feb 2, 2023

Highlights of Tax Changes for 2023

This tax season brings several tax changes for 2023 to the standard deductions and tax breaks available. Most notably, many of the pandemic-era credits have expired.

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Crypto Tax Filing in 2023
admin
Jan 26, 2023

Crypto Tax Filing in 2023

When filing taxes, it is fundamental to accurately calculate crypto gains or losses. Two elements play a major role in this: the holding period and realized profits or losses. It is, therefore, essential to understand these two components when computing your crypto tax.

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W2 Tax Form for 2022
admin
Jan 20, 2023

W2 Tax Form for 2022

Those who work full-time can begin this process once they receive their W2 Form for 2022 from their employer. This document is critical as it provides information needed to submit your taxes correctly and calculate any potential tax refund.

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When to Expect Your Tax Refund in 2023
admin
Jan 18, 2023

When to Expect Your Tax Refund in 2023

When will you get your 2023 tax refund? Here’s our annual chart with our best estimates. Keep in mind that the answer is never exact, but we can make some educated guesses based on a few factors.

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