Why Getting a Tax Refund Means You Need to do This [VIDEO]
It’s exciting to get a tax refund. And a lot of us get them. Last year, the IRS issued 109 million tax refunds, with the average amount being $2,797.
But what if getting a refund actually signaled something bad? Unfortunately, for many taxpayers, getting a refund could mean that you are allowing the government to hold your money, interest-free over the course of the year. We talk about how to make sure you are having the right amount withheld from each paycheck, instead of overpaying.
Learn more about Letter 1085, why you received it, and how to handle a substitute for return with help from the tax experts at H&R Block.
Have you found yourself wondering how the IRS classifies Bitcoin? Our tax pros discuss relevant IRS Bitcoin law and notices. Learn more with H&R Block.
Learn about the two types of tax identity theft: refund fraud and employment-related theft. Get the IRS definition and read more insight from H&R Block.
Do you own a small business? Learn more about the qualified business income deduction, the latest tax reform for pass-through entities.