Tax Deductions & Credits

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Learn More About A Tax Deduction Vs Tax Credit

Learn More About A Tax Deduction Vs Tax Credit

A new client is defined as an individual who did not use H&R Block or Block Advisors office services to prepare his or her prior-year tax return. Discount valid only for tax prep fees for an original 2017 personal income tax return prepared in a participating office. May not be combined with any other promotion including Free 1040EZ. ...

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Marriage Penalty

Marriage Penalty

The name used on a tax return must match the name on file with the Social Security Administration for the Social Security number associated with that name. If one or both of the newlyweds changed their name on the marriage certificate, it is essential to notify the Social Security Administration by filing Form SS-5. The form can be obtained ...

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Tax Considerations For College Students

Tax Considerations For College Students

Typically, these benefits apply to you, your spouse or a dependent for whom you claim an exemption on your tax return. Like the lifetime learning credit, the tuition and fees deduction is available for all levels of post-secondary education, and the cost of one or more courses can qualify. The annual deduction limit is $4,000 for joint ...

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Caring For Children While You Care For Aging Parents

Caring For Children While You Care For Aging Parents

To take care of naughty kids, try to create a consistent routine, since children tend to behave better when they know what to expect. Additionally, give them a set of clear, age-appropriate rules, such as not hitting or running in the house. That we’re so focused on “the prize” on “important stuff” that we just ...

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Overnight Camp Tax Deducation?

Overnight Camp Tax Deducation?

The size of the credit varies from 20% to 35% of those expenses, depending on your income. The credit is worth 35% of eligible expenses if your income is $15,000 or less; it gradually shrinks to 20% if you earn $43,000 or more. There is no maximum income limit to qualify for 20%. If you earn $43,000 or more, for example, your credit is worth ...

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11 Tips For Making Your Charitable Donation Count On Your Taxes

11 Tips For Making Your Charitable Donation Count On Your Taxes

Minimum monthly payments apply. Line balance must be paid down to zero by February 15 each year. Year-round access may require an Emerald Savings®account. he Rapid Reload logo is a trademark owned by Wal-Mart Stores. When you think about it, those are pretty startling numbers. But another one of the benefits of living in an area like ...

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