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During the leisure-driven summer season, people should still want to increase their charitable giving. Not only is this a noble enterprise, but it also benefits the taxpayer during tax season. There are many avenues of giving that can earn a tax deduction for the average person.For instance, children’s summer camps provide fun and safe day care to many needy kids. They rely on donations to
If you are a new graduate, you should start saving now for retirement. Life never stops; one day you are celebrating a special achievement, and the next you are facing yet another life milestone. Congratulations on becoming a college graduate! Have you thought about retirement?If you were to ask this question of many recent college grads, they would probably all look at you and roll their eyes. A
H&R Block Inc. has taken the forefront to elevate industry standards in tax preparation by supporting a new voluntary certification program initiated by the Internal Revenue Service.Tax preparers who voluntarily enroll in continuing education courses covering basic tax filings, tax updates, ethic of tax preparation and other related issues will now receive a record of completion noting their
H&R Block has a definite strategy to getting significant tax returns. The company only markets to clients in certain tax brackets. Tax preparation services tend to be the most profitable when preparers sell them to people in specific socioeconomic brackets. H&R Block has been taking specific steps to exclude low-income potential customers for tax filing.The company has recently pared down
Expats wondering about filing and health care requirements, have the opportunity of taking advantage of the expert advice and assistance offered to them by H&R Block, who estimate 1 in 3 expats haven’t filed a 2013 return. They are facing a filing deadline of June 16th this year.To be of the greatest help to these taxpayers, H&R Block has said “U.S. expats may miss many thing
Education expenses can be claimed as a tax credit on an itemized return, but under what circumstances? For instance, does a long-term course of study as an electrician count as a 4-year post-grad program?According to income tax experts H&R Block, the American Opportunity Credit, or AOC, may be claimed by individuals who are working toward an educational credential such as a certificate or bac
Is the U.S. Corporate Tax Rate the Highest in the World?There is a popular belief that the current corporate tax rate in the country is very high, and a reduction of the prevailing rate will stimulate investments which will have a wide range of positive effects on the economy. Those who support this theory are referring to the current rate which stands at 39.1% (the highest in the industrialized
Turbo Tax 2014 and Mortgage Tax DeductionsMany homeowners feel that it is more beneficial to claim a mortgage tax deduction than to pay off their mortgage. However, they really need to consider whether it is more beneficial to build up their savings or to pay off the mortgage debt completely.First, a homeowner needs to look carefully at all the items on the return. You need to know that a tax cre

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