Tax News Blogs

Too often, taxpayers pay more taxes than necessary due to overlooking certain tax deductions. Here are five tax deductions commonly missed when filing a return to help you keep more of your own money. Knowing these may help you save during tax season. Find your PriorTax dedicated tax professional to assist you for free from […]

You’ve noticed errors or exclusions made on the tax return? It’s possible to do tax return amendment after submitting your original tax filing

Are you aware of the Tax Form 1098-E for Student Loan Interest? For individuals currently repaying a student loan, Tax Form 1098-E may be mailed out from each lender.

Homeowners can now take advantage of extended energy tax credit for home improvements promoting efficiency and renewable power. The tax credits, available through 2034, are even being expanded starting in 2023.

The clock is ticking for 1.5 million Americans who have yet to file their tax returns from the year of 2019, missing out on potential refunds worth $1.5 billion. Those who still need to file must act fast, as July 17 marks the last chance to claim a tax refund, which could be in the thousands. Don’t leave money on the table.

Premium Tax Credit offers tax deductions that can be applied when filing taxes for those who qualify are eligible to receive these benefits

Educator Expense Tax Deduction will let you subtract up to $300 worth of qualified expenses from your taxes for 2022. Here’s all you need to know

To make a tax Qualified Charitable Distribution (QCD) from your IRA, you are in luck – Prior Tax provides an easy way to do so. A special feature within the software ensures that this process goes smoothly.

Unlike other education-related tax benefits, which merely reduce income subject to taxation, taking advantage of American Opportunity Tax Credit can offer significant savings

How should one go about re-filing taxes by amending tax returns to take advantage of the new updates, and is it worth the effort