What Is H&R Block’s DeductionPro?
If you’re claiming itemized deductions (vs. using the standard deduction), you’ll need to know the value of everything that you’re eligible to deduct. For charitable deductions, we make it easy for you. H&R Block’s DeductionPro is an easy, accurate way to place a value on used clothing and household goods. Just choose the condition and quantity for each item, and DeductionPro will provide a value based on up-to-date thrift shop prices.
How Do I Use H&R Block’s DeductionPro?
To use DeductionPro in the Deluxe, Premium, or Self-Employed product:
- Go to the Charitable Donation topic under Adjustments and Deductions.
- Choose Add Donation.
- Enter the information about your donation(s).
- Choose Enter and Value Items to go to the DeductionPro tool.
- Choose the links to find the correct item type.
Once you’ve found the type, enter the quantity of items in each field that corresponds to it. When done, go back to Categories. Do this for all items you donated.
Once you’ve entered all the items, choose Save and Close. DeductionPro will calculate the total of all your items and enter it into your return.
Once you’ve completed your return, you might want to print it out to keep for your records. Learn how to print your current tax return from H&R Block.
Are you asking yourself, “When will my state tax forms be available?” Knowing your IRS form availability can help you plan for filing your taxes.
Do you have an Emerald Card? If so, you can receive your tax refund as an H&R Block Emerald Card direct deposit. Learn more here from H&R Block.
Wondering if it’s possible to set up an IRS installment payment plan to pay your taxes? Here you can find steps you’ll need to request an IRS installment plan.