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
Tax Tip: Moving for a Job? Deduct It.
By The Tax Institute at H&R Block Between 2012 and 2013, 35.9 million people in the United States moved their primary residence– 11.7 percent of the population. Almost 20 percent of those moves were for employment reasons. If the move met some additional criteria, these taxpayers could deduct moving expenses on their tax… 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.