H&R Block Newsroom (features)
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
31,
2017
Whether it is through thrifting, upcycling or going to garage sales, getting the most for their money is important to today’s consumers. Thrifting is just like it sounds: seeking out retail shopping experiences at thrift stores, flea markets and othe...
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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
25,
2017
The idea of taking a business trip to or near one of the top travel destinations can make the trip more appealing – especially if the trip won’t be all work/no play. Business trips with a few days added for a personal holiday result in bleisure (busi...
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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
06,
2017
Over the years, the reputation of house flippers has improved from people who may or may not do quality work, to people whose expertise could result in a property that boosts neighborhood property values. With many house flipping TV shows, some peopl...
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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
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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