H&R Block Newsroom (annelise wiens)
2017
August
11,
2017
Teachers and students are back in the classroom – and may need some education on the education tax benefits that can help them with their expenses. “Education tax benefits, which can save students or their parents as much as $2,500, are commonly o...
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August
10,
2017
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, Me...
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August
07,
2017
The annual tax filing ritual is not the only time a taxpayer may need the help of a tax professional. According to one survey, 43 percent of taxpayers have to contact the IRS for something other than filing their returns. If a taxpayer doesn’t have t...
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July
27,
2017
Because homeownership often opens up additional tax benefits, it also increases the likelihood of missing those tax benefits and shortchanging a tax refund. If owning a home is a common complication for taxpayers, owning a second home can be even mor...
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July
14,
2017
When Kansas passed tax legislation last month, some of the changes were retroactive to the start of 2017. The bad news is that means thousands of taxpayers may have underpaid their taxes from January through June. The good news is that they won’t fac...
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July
13,
2017
Filing a tax return is not a choice, it is an obligation for all who meet U.S. tax filing requirements. This can be surprising, for example, for U.S. citizens living overseas. One group of taxpayers are the thousands of H1B and TN visa holders who fi...
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July
04,
2017
Although it has been said many times that “nothing can be said to be certain, except death and taxes,” a century ago paying income taxes was much different than it is today. And another thing is certain – income tax policy likely will keep changing. ...
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June
26,
2017
After the Royals’ walk off win on Friday, the team was back at Kauffman Stadium the next afternoon for game two of the series and the annual Viva Los Reales celebration. And there in Buck O’Neil’s legacy seat was Luis Garcia, whom the team chose to h...
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June
20,
2017
Couples spend tens of thousands of dollars and countless hours on their wedding. They make decisions on entertainment and decorations to the venue and catering. While most couples don’t think “tax planning” while wedding planning, more should add it ...
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June
09,
2017
Student loan debt reached $1.34 trillion in the first quarter of 2017, up from $0.51 trillion 10 years earlier. The consequences for and benefits of taking out student loans go beyond career opportunities, lifetime earnings and other implications; li...
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June
08,
2017
Child care costs can range from $4,500 to $16,000 annually depending on the child’s age, the type of care provider and the state where a family lives. In addition, child care needs can change as kids grow up, families add new siblings or parents ...
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May
26,
2017
Military families face special tax circumstances that can save them money and relieve some of the burdens of filing. But these benefits can also add complexity to their return and a greater risk of leaving money on the table. Every military family sh...
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May
24,
2017
As the homeownership rate has declined slowly since peaking in 2006 at almost 70 percent, the tax benefits for homeowners have also declined. In 2006, more than 40 million homeowners deducted $443 billion in mortgage interest. But in 2014, 33 million...
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May
18,
2017
One month after the tax filing deadline, most taxpayers have put their 2016 return behind them. So what are H&R Block’s tax experts actually doing? From tax planning and audit support to continuing education, it turns out they have quite a lot to do ...
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May
10,
2017
Piper High School senior Zachary King from Kansas City, Kansas won a $20,000 scholarship for his performance in the H&R Block Budget Challenge, a free financial literacy program that helps teens get real-world ready from the safety of a classroom. Th...
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May
09,
2017
There were 103 federal disaster declarations last year, the most since 2012. Of these, 46 were major disaster declarations. With 32 disaster declarations through April (26 major disasters), this year is on track for even more disasters. These counts ...
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May
05,
2017
Racing and gambling enthusiasts bragging to friends, co-workers and family about their winnings after this weekend’s Kentucky Derby should remember to tell somebody else about their winnings: the IRS. Whether it’s big or small, legal or illegal, live...
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April
19,
2017
If this year’s tax deadline has come and gone without a taxpayer filing a return, now is not the time to panic. Panicking will only make things worse, when in fact many taxpayers will not owe a penalty for filing a late return. For those who get a re...
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April
11,
2017
When a taxpayer has debt forgiven – whether from a credit card, mortgage, student loan or some other debt – it may seem like they can finally close the door on that financial obligation. But then they receive a 1099-C from the lender – a form that al...
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April
03,
2017
It’s April and this year 4 million more taxpayers are waiting until the last two weeks to file their tax returns. A new law meant to combat fraud contributed to refund delays, causing more taxpayers to wait to file their returns. But procrastination ...
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March
24,
2017
The tax refund is the single largest financial transaction many taxpayers will have in a year. Refunds average almost $3,000 so far this season. That’s one of the reasons that the stakes are so high and why mistakes can be so costly. Taxpayers who wa...
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March
23,
2017
The sharing economy provides income for hundreds of thousands with total revenues surpassing $15 billion, according to some estimates. With more Americans turning to sharing or gigging to earn a living or to augment their income, they face more compl...
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March
20,
2017
Crowdfunding has proliferated in the last several years as both a way to raise money for business or creative projects as well as to donate to people in need. Funders and campaign organizers might not think about it again, especially if it is a one-t...
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March
15,
2017
With the April 18 tax filing deadline less than five weeks away, millions of Americans still need to file their tax returns. Whether they’re still trying to decide how to file their taxes, double- and triple-checking their returns to make sure they d...
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March
13,
2017
With five weeks remaining until the April 18 tax filing deadline, new tax laws and regulations have already impacted millions of taxpayers. Refunds distributed are down more than $15 billion compared to this time last year, due in large part to the d...
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February
13,
2017
The refund delay that affected approximately 15 million taxpayers this year is about to lift. The Protecting Americans from Tax Hikes (PATH) Act required the IRS to hold refunds for returns claiming the earned income tax credit (EITC) and additional ...
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February
03,
2017
Taxpayers are expected to bet 11 percent more on the Super Bowl this year than they did last year, according to the American Gaming Association. And whether that’s in an office pool, in Vegas or somewhere else, taxpayers who win, big or not, need to ...
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January
31,
2017
Tax identity theft is a billion-dollar business. In 2013, the IRS identified 5.1 million fraudulent returns and paid more than $5.8 billion in fraudulent refunds. Unfortunately, it’s a relatively easy crime to commit. All the information a crimina...
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January
27,
2017
One of the benefits that can help eligible taxpayers get their taxes won is the Earned Income Tax Credit (EITC). Last tax season, almost 26 million filers received about $65.6 billion in EITC. With a maximum credit of more than $6,000, the average am...
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January
18,
2017
As many as 15 million taxpayers could be facing a tax refund delay until as late as February 27 this year, but there are a few tips and tools any taxpayer can use to track their refund and make sure they receive it as early as possible. ...
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