Some tax to do’s before the big “I do”
Engaged and newlywed couples get more than their fair share of advice. So instead of more advice, maybe starting with a question is better: have they thought about their new tax situation? What is the marriage penalty? Couples may have heard about a marriage penalty, but getting married will only negatively impact some couples’ tax… Read More
Rent out or sell: homeowners have a taxing decision
When it comes time to rent out or sell their home, homeowners should not only consider the real estate market and their home equity, but their taxes as well. That’s because some homeowners may face capital gains tax as high as 20 percent on some of the gain on the sale of their homes, while others can avoid that tax entirely. Whether or not a… Read More
H&R Block Surprises Michigan High School Senior with $120,000 Scholarship
Sean Lawrence deemed “most real-world ready” in nationwide teen financial literacy program Seventeen-year-old Sean Lawrence earned a $120,000 college scholarship through the H&R Block Budget Challenge — a financial literacy program that rewards high school students for mastering personal finance. The St. Clair, Michigan, senior was… Read More
Up to 1 in 6 Impacted by Expired Tax Benefits
Lynn Ebel, tax attorney at The Tax Institute, talks with the H&R Block newsroom about the impact expired tax benefits will have on taxpayers in 2015, including on teachers, students, homeowners and retirees.