American Tax Service

Helping Americans File Their Taxes

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What Are H&R Block Tax Preparation and Filing Prices?

Preparing and filing your taxes can be stressful and intimidating. There are lots of different companies that can help you with the process.

H&R Block tax filing pricesH&R Block is one such tax company that provides you with all the tools and services necessary to help you file your taxes on your own.

But what about the cost of filing your taxes?

How Much Does H&R Block Cost?

Doing your taxes yourself will save you money in most instances.

For example, H&R Block allows its clients to complete their own taxes online and offers a 35% discount for doing so.… Read the rest

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2020 Tax Refund Schedule Dates

What are the 2021 Tax Refund Schedule Dates?

Find out what the IRS tax refund schedule dates are this year.The IRS tax refund schedule dates according to the IRS are 21 days for e-filed tax returns and 6 to 8 weeks for paper returns.

So, in theory, if you e-file your tax return, on the starting day of January 27th, 2021, you should receive your tax refund by February 16th or a paper check between March 9th and March 23rd.

When Can You Expect to Receive Your Tax Refund?

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Is it Possible to Get a Tax Deduction on Your Home Equity Loan?

Can I Get a Home Equity Loan Tax Deduction?Can I get a home equity loan tax deduction?

The answer is you can still deduct home equity loan interest. But the rules have changed, and there are more limitations than ever before.

Interest on home equity loans has traditionally been fully tax-deductible. But with the tax reform brought on by President Trump’s Tax Cuts and Jobs Act (TCJA), a lot of homeowners are struggling to work out whether they can still take a home equity loan tax deduction.

This is now the first year that the new rules will apply to their new taxes, despite the original act being passed in 2017.… Read the rest

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Tax Credits for Electric Cars

Electric vehicle tax credits can be highly valuable, but there are a lot of confusing rules regarding how they work. This guide is going to show you what you need to know about tax credits on plug-in electric vehicles. It will also answer some of the most common questions people have.

How Much are Electric Vehicle Tax Credits?

electric car and vehicle tax credit

The electric vehicle tax credit is worth up to $7,500. In other words, this only applies if your tax bill is worth $7,500 or more.… Read the rest

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When Will H&R Block be Available?

Taxpayers typically want to start on their taxes as early as possible. So, when will H&R Block 2020, 2021 become available?

H&R Block Tax Software Available

This year H&R Block will release its latest version of online software on November 12th, 2020. The early season release also comes with a 35% discount.

Taxpayers using this software will be able to get started on their taxes months before and save money in the process.

When Will Online Filing Become Available?

H&R Block offers a range of ways for people to file their taxes.… Read the rest

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The New H&R Block Tax Calculator

As the year ends, many folks are starting to look at their taxes and assess how much money they might be getting back in their tax refund. H&R Block has a great tax calculator available online for free that we highly recommend.

See your refund with the H&R Block Tax Calculator.

Given that this tool comes in so handy, we wanted to breakdown the process behind the H&R Block Tax Calculator and to provide a little education on how the tax calculator/estimator works.

Why Use an Online Tax Calculator?

There are numerous “free tax calculators” that you can find online that will help in the process of estimating your tax situation.… Read the rest

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

See below how the H&R Block w2 form Early Access finder allows you to get your W-2 online.

What is the H&R Block W2 Finder?

h&r block w2 form early access siteH&R Block’s W-2 Finder s is one of the tools you can use to get your W2 form online and file your taxes fast. And that ultimately means receiving your refund faster as well.

You don’t need to wait for your W-2 to come by mail when using the H&R Block W-2 Finder. Once you pull your W-2 in electronically, it is safely stored and ready to start filing with H&R Block.… Read the rest

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New Homeowners Tax Credit

First time homebuyer tax credit 2021If you recently purchased or built a new home, you might be wondering what tax incentives are available and if there is a new homeowners tax credit.

While there is not a direct tax credit available for buying your home, there are tax advantages to homeownership.

This article will summarize some of these benefits as well as outline the tax changes from the Tax Cuts and Jobs Act of 2018 that will affect your filing as a new home buyer.

Is There a Tax Credit for First Time Home Buyers?

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Dependents – The Tax Deductions They Bring

Kids can be stressful at times, but the good news is they can save your butt during tax time. Today we are sharing some of the tax benefits that kids and other dependents bring to you.

Dependent Tax Deductions

dependent tax deductionsEach child and dependent can bring you a deduction of $4050. This means that the income that is subject to federal tax is reduced. If you are in the 15% bracket, this could save you $607.50, and those in the 25% bracket could save $1012.50.… Read the rest

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H&R Block Emerald Refund Advance Loan

Do you believe that you’ll receive a tax refund this year?

You might have heard that to stop tax fraud, refunds are going to be held longer. This applies especially to the Earned Income Tax Credit (EITC).

But with H&R Block, you can get the money you need right now.

What is a Refund Advance Loan?

H&R Block emerald advance loan

A refund advance is something several tax platforms offer. You apply for a refund advance, and the money is loaned to you.

Instead of paying it back, the money is taken from your tax refund instead.… Read the rest

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9 Homeowner Tax Credits and Deductions

What is Tax Deductible for Homeowners?

Every new homeowner or buyer wants to know about the tax deductions they can claim. Did you know that your home offers a range of tax benefits?

This is the guide you need to read because the new Tax Cuts and Jobs Act (TCJA) has changed some of the tax breaks you have as a new homebuyer or long-time homeowner.

1. Interest on Your MortgageHow to claim a homeowners mortgage interest tax deduction.

Most people don’t realize that within certain limits, you can deduct your mortgage interest.Read the rest

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How to Determine Which Medical Expenses are Tax Deductible

Even if you have the best insurance plan, you still might end up paying medical bills. However, all hope is not lost. You can still get a tax break from your medical expenses that can help reduce your overall medical costs.

Learn what medical expenses are tax deductible.

In 2019, the IRS allowed you to deduct medical expenses that exceeded 7.5% of your adjusted gross income.

Beginning Jan. 1, 2019, all taxpayers may deduct only the amount of the total unreimbursed allowable medical care expenses for the year that exceeds 10% of their adjusted gross income.… Read the rest

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When Can You File Taxes in 2021?

filing taxes online

2020 is coming to an end, and you may be wondering when can you file taxes in 2021?

While you may be looking forward to the holiday season, keep in mind, soon after it ends, tax season officially kicks off.

So, When Does Tax Season Start in 2021?

The Internal Revenue Service has set the opening day for the 2021 filing season as Monday, Jan. 27, 2021. That’s the day the IRS will start accepting and processing 2020 tax year returns.… Read the rest