H&R Block Newsroom (features)
2017
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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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
14,
2017
Along I-80 near the middle of Illinois, there is an H&R Block franchisee who has made a long-term commitment to taxes. Sharon Mercer was just out of high school when she saw the ad for the Income Tax Course. She enjoyed math so she signed up. More th...
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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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March
09,
2017
Thomas Vazquez helped hundreds of taxpayers prepare and file tax returns years before filing one for himself. Some may say youth is wasted on the young. But in Vazquez’s 22 years, he has wasted little. At just 17 years old and a senior in high sch...
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March
03,
2017
The IRS recently announced it has $1 billion in unclaimed refunds. And that is just from 2013 for taxpayers who did not file a tax return. That is an expensive mistake. Taxpayers may be able to claim refunds of income tax that was over-withheld or qu...
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March
02,
2017
Lions, tigers and Lundy. Oh my! Detroit, the Motor City, may be best known for being the epicenter of the U.S. auto industry and home to top-tier professional sports franchises – NFL’s Lions, MLB’s Tigers, NBA’s Pistons and NHL’s Red Wings. But fo...
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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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