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Taxes

The Adoption Tax Credit

by Luke Landes

For the first time ever, the adoption tax credit is refundable. This is a great change for parents who have adopted children in the past few years, because it means they could file their 2010 taxes and receive a bigger-than-expected refund. Keep in mind that refundable is a good thing when it comes to taxes; […]

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How to Get Audited By the IRS

by Luke Landes

If you have an adventurous, thrill-seeking personality, your life may never be complete until you’ve solicited an income tax audit from the Internal Revenue Service. There is good news and bad news for you. The good news is that audits have been more frequent in past years, so the chance of being audited has increased. […]

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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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Check Your Federal Tax Refund With Your Phone

by Luke Landes

Although the tax code is mired with decades-old rules, fixed up with temporary bandages every year, and convoluted, the IRS is still able to produce something fresh, modern, and simple. Today, the government agency released its free application for iPhone and Android phones, IRS2Go. The app simplifies the process of checking the status of your […]

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Itemizers Must Wait Until February 14 to Submit Tax Returns

by Luke Landes

Thanks to the bevy of new changes to the tax code for 2010, the IRS is still unprepared to handle tax returns filed early. If you itemize your deductions, you must wait until Valentine’s Day to submit your returns to the IRS. That doesn’t stop taxpayers from starting early. If you use software to file […]

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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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Tax-Free Distributions From Your IRA: Charitable Rollover

by Luke Landes
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First enacted in 2006, the charitable IRA rollover is a way to let certain taxpayers reduce their tax liability. Individuals who own an IRA must begin taking minimum distributions at age 70½, and those distributions could increase the tax bill at a time when there may not be much income. While the tax bill will […]

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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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