Tax Tip: It may be fantasy football, but tax implications are real
By The Tax Institute at H&R Block Fantasy football is a $3.6 billion industry that consumes almost nine hours a week for the average player. Both the cost and the winnings have real financial implications, from productivity loss for employers to income taxes for players. Taxpayers not only need to report prizes as income on their tax… Read More
Tax Tip: Relieve financial burden of college with tax benefits
By The Tax Institute at H&R Block The Consumer Financial Protection Bureau estimates that student loan debt reached $1.2 trillion last summer. That is an 84-percent increase since 2008. After college, the average student loan debt is $29,000. It would take 15 years of monthly payments of $161.11 just to repay the principal. With an… Read More
Tax Tip: Six times to call a tax professional after April 15
By The Tax Institute at H&R Block The annual tax filing ritual is not the only time a taxpayer may need the help of a tax professional. According to the IRS Oversight Board, 37 percent of taxpayers – that’s almost 60 million taxpayers – have to contact the IRS for something other than filing their returns. If a taxpayer doesn’t… Read More
Confusion about Health care and taxes
From the Newsroom: Richard Gartland, senior tax professional with H&R Block, talks about taxes and health care.