H&R Block Newsroom (features)
2017
June
28,
2017
One of the biggest mistakes taxpayers can make is to not file a required tax return. The penalty for not filing is bad: If taxpayers file five months or more after the due date, the penalty is 25 percent of the tax they owe. If the IRS proves that ta...
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June
27,
2017
Approximately 50 million Americans move every year. These movers will certainly incur a variety of expenses, and for some those moving expenses may be tax-deductible if they are moving for work. In addition to moving expenses, job search expenses cou...
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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
23,
2017
Few Kansas City residents will have the opportunity to learn about metropolitan area initiatives in the way Heather Watts has learned about them. Watts, senior vice president and general manager of digital products at H&R Block, got a look at a varie...
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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
16,
2017
Wondering what to get Dad for Father’s Day? Most Dads have all the ties they need (or want) and with the decluttering and minimalism trends in the headlines, many people want fewer things – and that can mean fewer gifts to buy. But, that doesn’t nece...
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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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June
02,
2017
The 2017 halfway point is the perfect time for tax planning. With six months to review and six months to forecast, taxpayers have a good idea of how the year is shaping up but they also have enough time to make course corrections more meaningful and ...
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June
01,
2017
Each year, taxpayers make a reasonable attempt to comply with the tax law for a few reasons. In an IRS Oversight Board survey, taxpayers identified third-party information reporting (62 percent), the fear of an audit (59 percent) and belief that othe...
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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
22,
2017
Some milestones are celebrated with cake and pats on the back, and others come with having to take on more responsibility. When new college graduates leave school, many likely don’t realize now is the time for them to start paying more attention to t...
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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
17,
2017
In the past, the IRS didn’t get around to auditing tax returns until several months after they were filed and after taxpayers received the refunds. But the 2017 tax season was a turning point. The IRS implemented the first phase of a move toward more...
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May
11,
2017
A Thursday afternoon school-wide assembly at William Bryant elementary school had an unusual guest: a representative from H&R Block. He wasn’t there to talk to the kids about taxes, but to present a check to the school. Students at William Bryant ear...
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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
26,
2017
Before booking that trip abroad, taxpayers may just want to check their tax bill first. The IRS recently rolled out a new program focused on U.S. passport holders who underpay their taxes, and it could impact hundreds of thousands of taxpayers across...
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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
14,
2017
While finding a mistake after filing a tax return might feel catastrophic, the reality is that this happens to millions of taxpayers each year, like the 3.8 million taxpayers who filed an amendment to fix an error or make a change on their 2015 tax r...
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April
12,
2017
Ah, time travel. Procrastinating do-it-yourselfers who have yet to file their tax returns might daydream about time travel as the April 18 deadline draws nearer. Some want to go back to mid-March and file their return with a month to go before the de...
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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
31,
2017
When it comes to taxes, one of the things people care about most is getting the most money back. And for good reason: not only is the tax refund the largest single financial transaction many taxpayers will have during the year, but taxpayers can make...
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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
16,
2017
All parents love their children but how many love their co-workers? For Judi Randall, H&R Block franchisee for 33 years, it is easy to do both. In the tax business for 53 years and with 13 offices and more than 65 tax professionals, Judi also has her...
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