TaxTip

Pointers, prep tips and analysis from the experts who do this every day.

1040
Jun 6th, 2014

H&R Block U. S. Expat Tax Services – How can I use it?

Ed note: It may come as a surprise to some Americans living abroad that they still need to file a U.S. tax return. That’s right – even if you live in another country, work in another country and don’t have any money invested in U.S. accounts, you will still likely be required to file a […]

expat
Jun 2nd, 2014

Reporting Foreign Bank and Financial Accounts 101

Ed note: Does a foreign financial account sound mysterious? Well, for many Americans taxpayers living abroad or those at home who have diversified financial holdings, it’s just a normal part of life. However, those accounts are in for big changes at home. Leer en español. What’s the big deal about declaring foreign bank and financial accounts? […]

American Opportunity Credit
May 29th, 2014

Tax Questions, Answered: Education Expenses

Ed note: The experts at the Tax Institute have answered more of your questions, this time around which education expenses will qualify for tax credits or deductions. Question: I am currently enrolled in a multi-year practical program of study in electrical work. Can this be counted toward a four-year post-graduate program to receive the tax […]

garden
May 27th, 2014

Costs of Starting Your Own Home Garden

Ed note: We know eating fruits and vegetables is important to keeping healthy. “An apple a day keeps the doctor away” might be an old saying, but there’s a reason it’s stuck around so long. Here’s how to get those nutrients for less of that other green stuff – cash. While eating healthfully is certainly […]

credit
May 21st, 2014

Buying a Home? What You Need To Know Before You Sign

Ed note: It’s time to buy your first house! It’s super easy to get completely distracted by square footage, and hardwoods and granite and two-car garages and so much more. After all those concerns fall away though, you are left with a sizeable monthly mortgage payment and a new item to discuss with your tax […]

college
May 16th, 2014

Job Expense and Other Deductions for New (and Not-So-New) Graduates

Ed note: Finishing college might be one of life’s most bittersweet moments. No longer will you be just five minutes away from your few thousand closest friends. No more sharing meal plan points. No reason for all-night cramming sessions before a test. Ok, maybe that last one is good news. We also have more good […]