Tax breaks for energy-efficient home upgrades harder, but not impossible, to come by

There is good news and bad news for homeowners making energy-efficient improvements. The bad news is that what had been the most common tax break for these upgrades – the nonbusiness energy property credit – expired last year. However, it had already been in decline, falling from $5.4 billion in 2010 to $449 million in 2012. The good news… Read More

Government says EITC claims filed with additional due diligence are more accurate than claims without it

A recent government report validated much of what H&R Block has championed for the past few years: Taxpayers who do not receive detailed guidance to claim the Earned Income Tax Credit (EITC) are 34 times more likely to make an error in claiming the credit. These errors could lead to delayed refunds or billions of dollars of improper… Read More

IRS Promotes Penalty Relief for Taxpayers

H&R Block celebrates latest steps to streamline penalty relief KANSAS CITY, Mo. – The IRS issues more than 40 million penalties to taxpayers every year. Now, taxpayers are getting a new and improved message from the IRS when they receive notices about failure-to-file and failure-to-pay penalties. These notices include a new insert that… Read More

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Up to 1 in 6 Impacted by Expired Tax Benefits

Lynn Ebel, tax attorney at The Tax Institute, talks with the H&R Block newsroom about the impact expired tax benefits will have on taxpayers in 2015, including on teachers, students, homeowners and retirees.