Countdown to Tax Day- 6 days left until the tax filing deadline
Inaccuracies May Cost 1 in 5 DIYers More Than $400 on Average – Totaling $1 Billion
A recent H&R Block Second Look® review study revealed that when taxpayers prepared their own tax returns, about 1 in 5 of them left money on the table. Taxpayers are leaving money on the table due to the following, among other things:
Not… Read More
Socrates Named ‘Greatest Hipster in History’ at Inaugural Irony Games
Covenant House also winner with $10,000 donation from H&R Block through HipsterTaxCrisis.com
After a week of intense voting at HipsterTaxCrisis.com, Socrates was elected the “Greatest Hipster in History” with 31.7 percent of the votes in an announcement made at the first Irony Games in Seattle.
The star of “Bill & Ted’s… Read More
H&R Block advises timely response to IRS notices could mean avoiding additional penalties
By The Tax Institute at H&R Block
The federal government estimates it has a $450 billion tax gap, which is the amount the IRS estimates is missed in tax collections. One way the government tries to close that gap is through IRS audits of those… Read More
A CONFLICTED OPTIMISM: TEENS AND THEIR FINANCIAL FUTURE
Despite Anxiety About Debt and Employment, Survey Shows Teenagers Look to Wisdom of Parents and the Promise of College
As America’s next generation looks ahead to adulthood, it is doing so with conflicted optimism, according to a recent national survey1 conducted by H&R Block Dollars & Sense, a program designed to increase the… Read More
Op-ed: “Fix the $140 billion problem of improper tax payments,” by H&R Block President & CEO William Cobb
Today, the op-ed below by H&R Block President and CEO William Cobb appeared in The Hill newspaper, following the release of a survey conducted by ORC International for The Tax Institute at H&R Block.
In just about three weeks, most people’s tax returns are due. For these individuals and families, the tax code is not an… Read More
H&R Block Releases Consumer Tax Fraud Study at Washington, D.C. Event
Earlier today, H&R Block released the results of a national survey by The Tax Institute at H&R Block and ORC International measuring consumer awareness and attitudes on the issue of tax fraud and prevention. H&R Block President and CEO William Cobb unveiled the key findings during his remarks at The Tax Policy Summit hosted by The… Read More
Tax Day Could Bring Tax Surprises for Higher-Income Taxpayers
The Affordable Care Act contained more than 40 tax code changes. Some of the changes are resulting in increased tax bills for higher-income taxpayers, which could come as a surprise to many of them on Tax Day.
The phase-out of itemized deductions and personal exemptions, and the increase in Medicare taxes, as well as changes in tax rates… Read More
Nearly One-third of Expats Confused by U.S. Tax Filing Requirements
H&R Block survey indicates more than three-quarters use U.S.-based tax preparer
While nearly six million Americans live or work abroad, nearly two million of them admit they aren’t very knowledgeable when it comes to their tax filing obligations. In addition, even though the tax filing deadline for these taxpayers, also known as… Read More
H&R Block’s Top DIY Questions Focus on Health Care, New Laws and Common Inaccuracies
Taxpayers don’t know how tax laws impact them individually – and it’s costing them
Mostly gone are the days of taxpayers sitting down with a sharp pencil and a calculator at the kitchen table to do their taxes. Yet, H&R Block (NYSE: HRB) found that even with the modern conveniences of online tax prep, do-it-yourself taxpayers often… Read More
By The Tax Institute at H&R Block
A common inaccuracy that has taxpayers overpaying their taxes is not taking advantage of the higher education tax breaks they qualify to claim.
There are more than 18 million people in college, but only two-thirds are claiming one of the higher education tax breaks. These higher education tax breaks,… Read More