American Tax Service

Helping Americans File Their Taxes

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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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New Tax Deductions for 2017, 2018

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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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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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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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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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