Tax Tips

• Tax News
  Learn about the latest tax news from H&R Block's Tax Institute.
• 2008 Tax Law Changes
  See if your taxes are affected by several changes that have been made to tax laws in 2008.
• Overlooked Credits and Deductions
  A credit lowers your tax bill dollar for dollar. A deduction reduces your taxable income. Claim all the credits and deductions you're entitled to.
• Earned Income Credit
  The EIC is designed to help low-income workers continue working by reducing their income tax liability.
• Child Tax Credit
  The Child Tax Credit can greatly reduce your tax bill. The credit is worth up to $1,000 for each qualifying child at the end of the year.

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IRS Starts 2009 Filing Season with Relief, New Programs for Struggling Taxpayers

The IRS is offering several new ways for taxpayers who are struggling financially to maximize their refunds and meet their tax obligations as the 2009 filing season begins.

IRS employees will have greater authority and more flexibility to delay collection for taxpayers who owe back taxes. There are also several new credits and benefits for qualifying taxpayers, such as the First-time Home Buyer Credit, the Recovery Rebate Credit and the Standard Deduction for Real Estate Taxes. Read More

• Reminder: Tax Credit Aids First-time Homebuyers
  
  
• IRS Makes Free Tax Guide Available
  
  
• Emergency Economic Stabilization Act Extends Expiring Tax Provisions
  
  

Other Tax-related News

2008 Tax Law Changes: What You Should Know Before You File

Dozens of tax relief provisions that expired at the end of 2007 — and more that expired in 2008 — have been granted an "extension" ... Read More

First-time Home Buyers Credit

As part of the Housing and Economic Recovery Act of 2008, the federal government is offering up to a $7,500 tax credit ...
Read More

Free Federal E-file With All TaxCut Desktop Software in Tax Season 2008

H&R Block, the world's largest tax services provider and the industry leader and supporter of electronic filing (e-file), now includes totally free federal e-file ... Read More

Didn't Qualify For a Tax Rebate? Second Chance for Those Who Lost Jobs in 2008

With the nation's jobless rate at a 14-year high of 6.5% as of October 2008 ... Read More

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