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Taxes

H&R Block Online Tax Filing Review

by Luke Landes
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This is a relatively long review of H&R Block’s online tax preparation and filing service. H&R Block has provided Consumerism Commentary with six coupon codes for H&R Block Premium Edition, the most complete service offered by the company. If you haven’t filed your household’s tax return yet, chances are taxes are on your mind. If […]

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Federal Taxes on Bonus Pay

by Luke Landes

With the holidays approaching, many companies are preparing their bonus checks, and employees who are looking forward to their bonuses are concerned about tax consequences. I gave up this “extra” part of my corporate pay for the benefit of working for myself when I left my day job last year. If this year were anything […]

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Tax Tips When Looking for Work is Your Job

by Leigh Mutert

About the author: This is a guest article written by Leigh Mutert, CPA. Leigh is the manager of the H&R Block Get it Right Community, a blog that focuses on breaking down complex topics for taxpayers, and the manager of social media, corporate relations for H&R Block. Leigh was a recent guest on the Consumerism […]

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Do You Have to Repay the Homebuyer Tax Credit?

by Luke Landes

If you purchased a house in 2008, beware of this new change on the 2010 income tax returns. Some taxpayers who claimed the first-time home buyer tax credit will be required to pay the credit back to the government this April. The initial $7,500 tax credit was available to homeowners who purchased their first house […]

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How to Pay a Tax Bill You Can’t Afford

by Luke Landes
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It’s a good thing I’ve been saving a good portion of my income for the past year. Even with making estimated tax payments — the last of which is due on January 18 — I’ll have a significant tax bill this year thanks to increased income. Many taxpayers may not look forward to filing their […]

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The Alternative Minimum Tax (AMT)

by Luke Landes

When Congress and the President extended the Bush-era tax cuts, taxpayers subject to the Alternative Minimum Tax (AMT) received a break. As Leigh Mutert, CPA discussed in our recent podcast interview, this is something middle class taxpayers need to know about now, because it effects the 2010 income returns that are being filed from now […]

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2011 Federal Income Tax Brackets and Marginal Rates

by Luke Landes
Income tax

Latest information: 2012 tax brackets and rates 2013 tax brackets and rates The extended deadline is here for filing your 2010 income tax return. Since the Bush era tax cuts were extended, the income you’ve earned in the United States this year is subject to the same low rates as last year, but the margins […]

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No More H&R Block Tax Refund Anticipation Loans

by Luke Landes

One of the most popular services available surrounding tax season is also one of the most expensive. Refund anticipation loans (RALs) are great products from a lender’s point of view; they are low risk and they are expensive. From a customer’s point of view, they provide a means to get cash when a household files […]

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20 Ways to Use the Payroll Tax Holiday

by Luke Landes

When Congress passed the Tax Hike Prevention Act earlier this year, it included an economic stimulus in the form of a payroll tax holiday. As Leigh Mutert, CPA explained in our podcast interview, the payroll tax will be reduced in 2011 from 6.2 percent to 4.2 percent. As a result, paychecks will be a little more than […]

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Congress Passes Tax Hike Prevention Act

by Luke Landes
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There seems to be more than enough in the new tax cut bill, which will soon become a law, to keep every income level happy. The Tax Hike Prevention Act of 2010 extends the tax cuts first implemented during President Bush’s tenure and adds more benefits for everyone. For another two years, the marginal income […]

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