Tax Nitty Gritty

citizen
Jan 26th, 2015

Who in Puerto Rico should file a U.S. tax return?

Ed note: H&R Block provides tax services to a wide variety of clients, including residents of Puerto Rico. We even have office locations on the island. These folks have a few complexities though – starting with whether or not they are even required to file. Leer en español. We know that every American citizen is subject […]

family
Jan 22nd, 2015

The Military Spouse Residency Relief Act (MSRRA) – Making Tax Time Easier for Military Families

Ed note: If you’ve been PCS-ing, cleaning more ACUs than you care to remember or couldn’t live without your FRG, (and you can decipher all that!) then this is for you. Leer en español. Being a military spouse comes with a number of challenges. Perhaps the most difficult is coming to the realization that the […]

1040
Jan 21st, 2015

How to Choose A Filing Status

Ed note: Have you ever questioned whether you are using the correct filing status on your tax return? It seems like a simple thing to choose, but it’s a big one in the long run. Kevin Martin from The Tax Institute has some helpful information for you. Leer en español. Your tax filing status is […]

1040A
Jan 19th, 2015

1040 vs. 1040A vs. 1040EZ: Which one is right for me?

Deciding which tax form you need to file can be a little confusing. Wait, you didn’t know there were different forms? Sure thing. The three most common are a 1040, a 1040A and a 1040EZ. Leer en Español. Before we break them down, here are a few easy ways to narrow down what you need […]

Affordable Care Act
Jan 7th, 2015

What to Bring to your Tax Appointment: ACA Exemptions

Ed note: If you didn’t have health insurance in 2014 and have heard that you may be required to pay a penalty when you file your tax return, there is some good news. Read on to determine if you qualify for an exemption from that penalty – and how to go about getting it. Leer […]

charitable
Dec 22nd, 2014

Extenders Have Passed – What it Means

President Obama signed H.R. 5771, The Tax Increase Prevention Act (TIPA) – known as the “Extenders” – into law last week. This package of tax benefits had expired December 31, 2013. The good news: This one-year extension (yes, it expires on December 31, 2014) means that taxpayers can claim these benefits on their 2014 tax […]