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
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.
While the changes may seem inconsequential, private claimants and businesses alike can benefit from a thorough knowledge of these new … Read the rest
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
Did 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
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
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?
The IRS considers a qualifying child to be a child that meets all of the criteria’s below:
… Read the rest
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
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
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
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
… Read the rest
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
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
To search for the nearest H&R Block Office … Read the rest