American Tax Service

Helping Americans File Their Taxes

Apr
18

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What Does H&R Block Tax Filing Cost?

Category: H&R Block, Tax Tags: , , , , , , , ,

Preparing and filing your taxes can be stressful and intimidating. However, many different companies can help you with the process.

H&R Block tax filing prices

H&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

Apr
18

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New Homeowner Tax Credits and Deductions

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Is There a Tax Credit for Buying a New House?

The First-Time Homebuyer Act of 2021 establishes a federal tax credit for first-time homebuyers.

New Home Buyer Tax Credits

It’s not a loan you have to pay back, nor is it a cash gift like the Downpayment Toward Equity Act.

The tax credit is equivalent to 10% of the purchase price of your home and cannot exceed $15,000 in 2021.

US politicians presented the First-Time Homebuyer Act of 2021 on April 28, 2021.

The measure amends the IRS tax law to provide up to $15,000 in federal tax credits to first-time home purchasers.… Read the rest

Jan
3

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When Will H&R Block be Available?

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Taxpayers typically want to start on their taxes as early as possible. So, when will H&R Block 2022, 2023 become available?

H&R Block Tax Software Available

This year H&R Block will release its latest version of online software on November 12th, 2022. The early season release also comes with a 35% discount.

Taxpayers using this software will be able to get started on their taxes early 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

Jan
3

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H&R Block Emerald Refund Advance Loan

Category: H&R Block, Refunds Tags: , , , , , , , ,

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 in advance, and the money is loaned to you.… Read the rest

Jan
1

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Home Energy Tax Credits

Category: Credits Tags: , , , , , , , ,

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

Having an energy-efficient home will save money on your bills and pay less money in taxes. Learn how you claim home energy tax credits if you qualify.

Non-Business Energy Property Credit

home energy tax credits

You can get a 30% credit for your energy-efficient improvements. Things that fall under this category include:

  • Water heaters
  • Electric heat pumps
  • Central air conditioners
  • Natural gas, propane, or oil water heaters
  • Qualified oil furnaces
  • Qualified oil hot water boilers
  • Some air-circulating fans
  • Insulation that reduces heat loss or gains
  • Exterior windows, skylights, or doors
  • Storm windows and doors
  • Solar panels
  • Metal and asphalt roofs that reduce heat loss or gain

Residential Energy Efficient Property Credit

This energy tax credit will allow you to have a 30% credit for the alternative energy equipment that you have installed.… Read the rest

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