Health Care Tax Credits on the Line in October 15 Deadline
Two weeks left for taxpayers who filed an extension; failure to file endangers health care tax credit KANSAS CITY, Mo. – Taxpayers who filed an extension have just two weeks left to file their 2014 tax returns by the October 15 deadline. Their failure to meet the upcoming deadline could mean failure-to-file and failure-to-pay penalties, as… Read More
Tax breaks for energy-efficient home upgrades harder, but not impossible, to come by
There is good news and bad news for homeowners making energy-efficient improvements. The bad news is that what had been the most common tax break for these upgrades – the nonbusiness energy property credit – expired last year. However, it had already been in decline, falling from $5.4 billion in 2010 to $449 million in 2012. The good news… Read More
Top 9 Questions Parents Have When Becoming a Boss
New parents who hire a nanny find they are employers, face “nanny tax” New parents face a lot of surprises when they bring their child home, including a possible surprise from the IRS. If they hire a nanny, they may be considered household employers and could be responsible for paying and withholding Social Security, Medicare and… 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.