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, which can help reduce your overall medical costs.
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
Are you building a new home?
There are tax breaks available for people in this situation. They come in the form of tax deductions and tax credits. A credit is used to reduce the amount you pay, and a deduction reduces your total taxable income.
Here are some of the tax write-offs available to you now.
Did You Pay Interest on a Construction Loan?
If you took out a construction loan to build your home, then chances are you paid interest on that loan.… Read the rest
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
You may be able to claim more dependent tax deductions and credits as a family than single taxpayers.
However, if you’re not aware of these deductions and credits, you might be losing out on significant tax breaks.
Child Tax Credit
The child tax credit is better than the deductions because your taxes are reduced dollar for dollar.… Read the rest
Do you want to reduce your tax bill this year? You can maximize your tax savings by checking to see if you’re eligible to claim any of the new expanded tax credits.
The difference between a tax credit and a deduction is a deduction reduces your taxable income, whereas credits reduce the amount of tax you pay directly.
Refundable credits are even better because they can reduce your tax bill even if the credit is worth more than you owe. Non-refundable credits are only valid up to the amount you owe.… Read the rest
Category: Forms, H&R Block
Tags: 2021, 2022, 2023, access, Block, early, finder, form, H&R, online, site, w2
See below how the H&R Block w2 form Early Access finder allows you to get your W-2 online.
So What is the H&R Block W2 Finder?
H&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