H&R Block Newsroom (features)
2017
February
24,
2017
With nearly 40 percent of the American workforce telecommuting, many people wonder about the potential benefit of home office deductions, but may lose out on a potentially substantial tax break. Like many other types of write offs, the home office de...
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February
24,
2017
David Platt was in college when he started working for an H&R Block franchisee supporting the management team and learning taxes. That was a start of a 54 year career in taxes. And there’s no end in sight. David’s story could be all about the numb...
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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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February
02,
2017
Mailboxes are starting to fill up with 2016 financial reports and documents needed to file an accurate tax return. MyBlock has the ultimate in secure and safe storage, no matter how taxpayers file. So, when uploading these documents, there’s no need ...
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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 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. ...
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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...
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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...
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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 –...
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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 ...
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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...
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December
09,
2016
The end of the year is a busy time for most Americans. Along with planning for the holidays and the new year, some taxpayers can expect to receive a letter from the IRS. The IRS sends out more notices in November and December than at any other tim...
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December
06,
2016
Yesterday began National Tax Security Awareness Week, a week sponsored by the Internal Revenue Service (IRS) and dedicated to bringing increased awareness and understanding to the issues of tax security and fraud. Tax identity thieves steal billio...
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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...
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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...
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November
30,
2016
When Joel Hook applied for a seasonal job at a Texas tax office last year, he kept his hopes in check. A recent retiree who spent 40 years as a restaurant franchisee, he wanted to stay active and productive. However, Hook – who walks with a cane b...
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November
23,
2016
The first Thanksgiving took place in Plymouth, Massachusetts, in 1621 and as the “New World” was settled, the name Plymouth spread to towns west and south of New England. Today, there are more than 20 American cities named Plymouth. More than 300 ...
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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 ...
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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...
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November
11,
2016
[wingman or wing man] - A pilot in a plane that flies just outside and behind the right wing of the leading aircraft in a flight formation, to provide protective support. For over 60 years, active military personnel and veterans have had a wingman...
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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. ...
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November
02,
2016
H&R Block Chief Government Relations Officer Marie van Luling spoke at the Congressional Hispanic Caucus Institute’s Hispanic Heritage Month event “Taxes: The Tax Code – Bridging or Broadening the Wealth Gap” hosted by Congressman Xavier Becerra on S...
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November
01,
2016
Picture this: nearly 28 million filers received a total of approximately $66.7 billion from the Earned Income Tax Credit (EITC) during the 2015 tax filing season. What that means to eligible individual filers is an average EITC refund of approximatel...
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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 ...
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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...
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October
26,
2016
Filing a tax return, and even receiving a tax refund, doesn’t mean taxpayers can “close the books” on that return. They might need information from that return in the future, for instance when applying for a student loan or refinancing a mortgage. An...
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October
21,
2016
Ever see a millionaire cat? What about a poodle owning a Porsche? Well, that might not be too far off now that all 50 states have “pet trust” laws that let owners provide for the care of their pets, after the owner dies. In May, Minnesota became the ...
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October
20,
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