Tag: taxes

Common Misconceptions About Reporting Dependents

Ed note: In its simplest form, a dependent is a person who relies on another. In the world of the IRS and taxes, a dependent is a more specific and complicated thing. Leer en español. You are allowed to claim one exemption for each person you can claim as a dependent. This is important, since exemptions […]

Breaking Down the “Marriage Penalty”

Ed note: Have you heard of the “marriage penalty?” No, it doesn’t refer to your friends trashing you because you tied the knot. It’s a common tax phrase, but it can be confusing and complicated. Miranda Marquit has some examples that will illustrate it more clearly. Leer en español. For the majority of married couples, filing […]

7 Things Worse Than Waiting For Your Tax Refund

The IRS gets 90% of taxpayers their refunds within 21 days of when their tax return is received. If 21 days sounds like an incredibly long time, just think about how many more awful things you spend your time waiting on. Here’s my top 7: 7. Descaling your humidifier or espresso machine. I don’t even […]

Would You Rather: The Tax Edition [VIDEO]

Would you rather: Cook a seven course meal or prepare your tax return? What if the choice were between a 60 minute workout and filing your taxes? Our contributor Yoly Mason weighed in on what she’d rather do instead of working on her taxes. There are some people who would rather do ANYTHING other than […]

ITINs: All You Need To Know

Ed note: How do you file taxes without a Social Security number? You use an ITIN. There are many reasons why someone might need an ITIN to file. Here are a few. Leer en español. ITIN stands for Individual Taxpayer Identification Number. The IRS issues Individual Taxpayer Identification Numbers (ITINs) to people who need to file […]

What is a transcript?

An IRS transcript is a record of your past tax returns. You can choose to receive them online or by mail. Request a transcript from the IRS website. Leer en español. What do you need a transcript for? Transcripts can be helpful in providing information to lending institutions, where you might be applying for a […]

How to Choose Your Tax Pro

Ed note: If you want to have your taxes prepared by a person – instead of doing them yourself with a software program or online – you have a big decision to make. Violeta has some great tips from the IRS as well as a few things she learned from personal experience. Leer en español. When […]

What I Learned: Kids and Taxes [VIDEO]

Since joining H&R Block, I’ve read and written and learned a lot about taxes. I have the privilege of working very closely with our talented team at The Tax Institute and constantly ask them questions. This is especially true during tax season when so many of you – our clients – are asking us important […]

Where Is My Refund, Really?

It’s refund season! Literally. We have seen among the conversations on our Facebook page that many H&R Block clients were given a “direct deposit” date of Jan. 30 by the IRS. We couldn’t be happier for you. However, between when that date was communicated on Wednesday (Jan. 28) and now, there has been much speculation […]

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 […]