H&R Block Newsroom (annelise wiens)
2017
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...
Read more
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 professionals actually doing? From tax planning and audit support to continuing education, it turns out they have quite a lot ...
Read more
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...
Read more
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 ...
Read more
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...
Read more
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...
Read more
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...
Read more
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 ...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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 ...
Read more
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 ...
Read more
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...
Read more
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...
Read more
January
18,
2017
As many as 15 million taxpayers could have their refunds delayed 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. ...
Read more
January
11,
2017
About 60 percent of taxpayers use a professional tax preparer while the other 40 percent do their own taxes, mostly using DIY software or programs. For some taxpayers, deciding how to file is easy –preparing their own return or getting help from a pr...
Read more
January
10,
2017
When millions of taxpayers file their first tax return early this year, they may find they are one of the 34 percent of taxpayers who like or even love doing taxes. But even if they end up with the majority who dislike the task, there are a few thing...
Read more
2016
December
30,
2016
The biggest tax story of 2016 didn’t actually happen during tax season and may become an even bigger story in 2017. The dozens of changes the Protecting Americans from Tax Hikes (PATH) Act made to the tax code became the biggest story – and stories –...
Read more
December
21,
2016
IRS phone scammers stole more than $23 million from taxpayers in just two years. The IRS has been warning taxpayers for years to be suspicious of these phone calls claiming to be the IRS collecting a tax debt. And now, with taxpayers increasingly ...
Read more
December
20,
2016
At the end of this year, four popular tax benefits will expire. That means that taxpayers can claim them for the last time on their 2016 tax return they file at the start of next year. After that, these provisions that delivered more than $15.4 billi...
Read more
December
05,
2016
Following a Federal Trade Commission (FTC) settlement with an automaker earlier this year, nearly 500,000 car owners and lessees could receive a cash payment of at least $5,100. And depending on how the IRS interprets this settlement, those taxpayers...
Read more
December
01,
2016
Americans gave $373.25 billion in 2015. And with all that giving comes a sizable tax benefit. For example, a taxpayer with a marginal tax rate of 25 percent could save $25 in taxes for every eligible $100 donation. Whether a donation is deductible...
Read more
November
16,
2016
It is the time of the year when procrastinators and planners both are looking for those last-minute, end-of-year tax tips that could save them money on their 2016 tax return. Here are nine tips taxpayers can use, whether they’re just getting started ...
Read more
November
14,
2016
This is a little bit of a “good news, bad news” story. It’s when a taxpayer learns their income has gone up but it is now so high that many of the tax breaks they have claimed in the past are no longer available to them. It’s important to note tha...
Read more
November
08,
2016
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. ...
Read more
October
31,
2016
A ghost preparer is someone who charges clients to prepare a tax return but does not have a preparer tax identification number (PTIN) with the IRS. That may not sound menacing enough to send a chill down one’s spine, but a ghost preparer can do more ...
Read more
October
27,
2016
This continues the H&R Block newsroom’s series on the Protecting Americans from Tax Hikes (PATH) Act, which made dozens of changes to the tax code. The PATH Act series covers its permanent extensions of many tax benefits, the renewal requirements for...
Read more