H&R Block Newsroom (tax tips)
2017
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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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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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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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
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
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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January
11,
2017
About 60 percent of taxpayers use a professional tax service 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 tax t...
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2016
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 old tax returns in the future, for instance when applying for a student loan or refinancing a mortgage...
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September
28,
2016
With five Fridays this month, employees with a biweekly pay schedule and Friday payday will receive three paychecks this September. And if their employer deducts their benefits on a semi-monthly schedule, that third paycheck will be larger than their...
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September
26,
2016
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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September
22,
2016
The annual tax filing ritual is not the only time a taxpayer may need the help of a tax advisor. According to the IRS Oversight Board, 43 percent of taxpayers have to contact the IRS for something other than filing their returns. If a taxpayer doesn’...
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September
09,
2016
In 2012, 15 percent of middle-aged adults provided financial support to both an aging parent and a child, according to the Pew Research Center. This is the sandwich generation. They find themselves caring for their parents and children at the same ti...
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May
04,
2016
Any financial strategy that does not include tax planning is missing part of the larger picture. While taxpayers should not make financial decisions for tax purposes alone, they should consider the implications certain decisions and actions will mean...
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May
02,
2016
Of all of the stages disaster victims go through in their road to recovery, taxes may be the last – and least – thought-of step. Many of the 30-plus federally declared disasters in 2016 have had a direct impact on being able to file a completed tax r...
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April
08,
2016
Author’s note: This feature is one of a series of success stories generally describing tax situations routinely reviewed when H&R Block takes a look at prior-year tax returns new clients either prepared themselves or had someone else file. Story 2...
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April
04,
2016
Moving an average of once every two or three years, military families may struggle with understanding their tax and home-state rights. This is especially true since new rules for military spouses went into effect in 2009 and each state has implemente...
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March
29,
2016
Raising children can be expensive, as any parent knows. Just outfitting a nursery and stockpiling diapers can really add up. According to a “baby-cost” calculator, parents can expect to spend $72 per month on disposable diapers or $76 per month on a ...
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March
23,
2016
Owning a small business is one of the most common triggers of increased tax complexity and a good reason to get a tax advisor. To find the right tax advisor, small business owners should set up a meet-and-greet with any candidate they’re consider...
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March
17,
2016
March Madness’ bracketology is a hotbed of betting with an estimated $2 billion bet in 70 million brackets. Whether from an office pool, in Vegas or somewhere else, taxpayers who win, big or not, need to report their winnings as income to the IRS...
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March
10,
2016
Taxes are supposed to be one of the only things in life that are certain, but taxes change every year. When something changes on a state return, it can sometimes fly under the radar, leading taxpayers to make mistakes and leave money on the table. Th...
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February
23,
2016
Consumers who tried but were unable to enroll in 2016 health insurance coverage through the federal marketplace and receive an Advance Premium Tax Credit (APTC) may now be able to re-apply and enroll in affordable health insurance coverage through a ...
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February
18,
2016
With just two months left to file their tax returns, taxpayers have to deal with increased tax identity theft risks and prevention measures, new health insurance documents, plus trying to ensure they get the most they’re entitled to. While the only c...
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February
04,
2016
Many winners in the 1,000 Win $1,000 Daily Sweepstakes H&R Block (NYSE: HRB), the world’s largest consumer tax preparation company, is running until Feb. 15 are very familiar with the color green. It’s part of their uniforms as members of the U.S. Ar...
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January
14,
2016
“If in doubt, don’t throw it out.” Taxpayers should remember these words when a document shows up in their email or traditional mailbox and they wonder if they will need it to fill out their tax return. Whether taxpayers get help from a tax professio...
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January
13,
2016
As the record $1.5 billion (as of Tuesday afternoon) Powerball jackpot awaits Wednesday’s drawing, millions of people are dreaming about what they would do with more than a billion dollars. Well, one thing is certain – winning the Powerball jackpot m...
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