If the IRS applied my last year’s refund to past tax debt, can I write off the debt offset on this year’s return?
No. Neither of these are eligible for deduction:
- Federal taxes owed in a prior year
- Any penalties applied
Tax preparers can have various designation and specialties. Learn how different types of tax preparers at H&R Block can help you in person or virtually.
What is a CPA, and how can one help you with preparing your taxes? Understand the role of a certified public accountant with the experts at H&R Block.
Here are the top tax questions our professionals got this year – with answers for you! How can you use this? Read on to get answers from H&R Block.
Learn more about earned income credit eligibility and get tax answers at H&R Block.