American Tax Service

Helping Americans File Their Taxes

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How to Get a Fast Tax Refund Date in 2017

A tax refund can go a long way in changing the life of its receiver, whether it is saving or paying debts. In fact, in 2015, the total tax refund amount was approximately $2800 for almost 75% of taxpayers receiving a tax refund. So, how to do you get your tax refund faster? The recommended … Read the rest

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New Tax Deductions for 2016, 2017

Most people don’t realize that certain tax deductions are periodically adjusted. These changes are made for any number of reasons, including shifting inflation figures, changes in legislation, and necessary adjustments made by the federal bank.new tax deductions

While the changes may seem inconsequential, private claimants and businesses alike can benefit from a thorough knowledge of these new … Read the rest

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Try H&R Block to Calculate Your Tax Refund Amount

If you received a large refund last year or are anticipating one this year, it is possible to estimate the amount of your refund today. There are no guarantees when it comes to taxes, but by using your pay stub amounts you can have a good idea of how much you can expect.

Today, we … Read the rest

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Capital Gains and Your Home Sale

Capital gains on home and real estateDid you know that one of your best tax breaks available might be selling your home?

Homeowners are already aware that there are numerous tax breaks available during tax season, such as mortgage interest and property tax deductions. However, what many do not know is that a large portion of homeowners who sell their homes … Read the rest

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How to Find My W2 Form Online With H&R Block

By now, you should know how to find your nearest H&R Block Tax Office. However, before making your appointment, do you have everything you need such as your W-2 Form? If not, review below how the H&R Block w2 form Early Access online finder allows you to get your W-2 sent electronically to H&R Block … Read the rest

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The Child Tax Credit & Additional Child Tax Credit

One of the most beneficial and popular federal tax credits is the Child Tax Credit. This is a nonrefundable tax credit but it is worth up to $1,000 per qualifying child.

Who is Considered a Qualifying Child?

child tax credit additionalThe IRS considers a qualifying child to be a child that meets all of the criteria’s below:

  • Under
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Deducting (PMI) Private Mortgage Insurance

Homeowners are usually well informed about the home-related tax deductions that they can make at filing time. However, when purchasing a home, other costs can quickly accumulate. For buyers who can’t come up with a 20% down payment on the purchase price, they will have the added cost of private mortgage insurance (PMI).

The PMI … Read the rest

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Earned Income Tax Credit & Credit Table

Although an incredible number of families currently claim this unique tax break for wage earners with low earnings, the IRS says substantially more qualify for this refundable tax credit yet neglect to take advantage of it.

The guidelines for (EIC) Earned Income Credit Table were recently liberalized; therefore many more families meet the requirements and … Read the rest

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Medical and Dental Expense Tax Deductions for 2016 – How it Works

If you pay out-of-pocket (OOP) for medical or dental care, you may be able to write some of it off on your taxes. In some cases, you may be able to write-off some travel costs as well. Even some prescription medication costs can be written-off. This is a valuable deduction opportunity for those without health … Read the rest

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10 Homeowner Tax Credits and Deductions

Here is a look at 10 tax breaks the government gives to motivate Americans to purchase new homes.

In most cases you can write off all mortgage interest up to $1.1 million for your primary and secondary residences. You can even write off property taxes. Home owners have numerous additional opportunities compared to renters for … Read the rest

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The IRS Form 1040A Explained

Form 1040A is one of the forms that can be used when filing federal taxes in the US. This form is shorter than the original 1040 form however; it is more complex than the 1040EZ form. All taxpayers can use form 1040 yet there are restrictions as to which taxpayers can use form 1040A.

For … Read the rest

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How to know if Your Medical Expenses are Tax Deductible

Did you spend a ton of money on medical expenses last year? If so, you may qualify for the medical expense tax deduction. This means you must spend more than 10% of your AGI on medical expenses (7.5% if you are older than 65) to qualify. Therefore, go look at your finances now and see … Read the rest

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Tips for Claiming the Home Office Deduction

In order to claim the home office deduction it is important that you know the square footage of your entire home and your home office. Auditors do not usually make home visits. If you send them photos of your home office, that is usually all of the verification that they need.

Determine Which Method to

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Home Energy Tax Credits

Tax season is going to be here before you know it. Therefore, now is the time to make sure that you have made all of the energy efficient upgrades to your home.

By having an energy efficient home, you will save money on your bills and you can pay less money to Uncle Sam. Below … Read the rest

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Federal Tax Deductions for Home Renovation

bccca63c-f402-4d36-84b1-1dd149fd6e6dThere are many strategies to use house remodeling and upgrades to reduce your taxes.

Remodelling of your house is not usually a cost which can be deducted from your federal income taxes, however there are many techniques that you can utilize for home remodeling and upgrades to decrease your taxes. This includes both tax breaks … Read the rest

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What is EIC/EITC and Who Qualifies?

The EIC/EITC is known as the Earned Income Tax Credit. This tax credit is available for those who have a low or moderate income that they have earned.

EIC, Earned Income CreditThe amount that you receive for this credit is determined based on the filing status you use and your salary for the year. Those who qualify pay … Read the rest

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All Business Costs Are Fully Deductible Right? Why Your Website Costs May Not Be

As a business owner, it is easy to fall into the assumption that all of the costs related to your website are fully tax-deductible, but in reality that is not always the case. Whether speaking of web design, website consulting services, or website software—many costs must be deducted in increments over multiple years as a Read the rest

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How to Find an H&R Block Office Near You

Tax time is finally here. While many dread it, you may be welcoming it and looking for an H&R Block nearby. Here is a quick overview of how to find an H&R Block office near you and set an appointment.Just sign here.

How to Conduct a Search

Find an H&R Block office or appointment.To search for the nearest H&R Block Office … Read the rest

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IRS Tax Forms You May Need to File

If you file with the IRS e-file you will find that it is super easy when it comes to selecting the tax form that you need to file. This is because the tax software automatically selects the form that is the best fit for your unique tax situation.

If you are planning to paper file … Read the rest