Tax season can be overwhelming, especially if it's your first time filing taxes or if you struggle to understand the process. Luckily, there are many excellent tax filing services available to make the process as simple as can be, and H&R Block is one of them.
H&R Block is a well-known company that has been helping people with their taxes for many years. It provides online and in-person services for individuals and small businesses. They have over 12,000 offices worldwide, including locations in every U.S. state and some international places.
H&R Blocks Allow Self-Return Filling
H&R Block has different self-filing options to choose from, depending on your needs and budget. The free option is great for filing simple returns. If you're a student, a W-2 employee, or need to file for unemployment benefits, you can use this free option. Parents who need to file for a child tax credit can also choose this option.
The Deluxe option is great for people who want to claim itemized deductions and report any child and dependent care expenses from the past year. You can also use this option to easily keep your tax returns for six years. This can be helpful for people who only need to file a simple return. The Deluxe package costs $44 for federal filing and an additional $45 for each state filing because it has some extra complexities compared to the free option.
The Premium option is designed for individuals who earn money from rental properties, investments, and cryptocurrency. The cost is a little higher at $60 for federal filing and an additional $45 for each state filing. Just remember, you'll also get all the filing features from the free and Deluxe packages, so you'll get more value for your money.
The top-level self-filing option is designed for people who work for themselves. This choice allows you to take advantage of business deductions and is especially good for gig workers, such as rideshare drivers, food delivery drivers, and online marketplace sellers. The most expensive choice is $92 for federal filing and an additional $45 for each state filing. You can access everything that is available in both the premium and free online packages as well.
You can choose any of the self-filing plans and pay extra for unlimited, on-demand assistance.
H&R Blocks Allow Professional Return Filling
If you decide to have a professional handle your taxes, you have three main options to consider. If you want to work on your taxes with a tax expert from H&R Block, you can find someone in your area and meet with them in person. If you have many questions or prefer a more hands-on approach to doing your taxes, this could be a great option for you. Another option is to take your paperwork to a nearby H&R tax expert's office. They will start working on it and inform you when everything is done. You can also choose to work with a tax professional virtually, without having to visit their office.
The starting price for professional tax filing options is $85. Additional state fees may be required.
H&R Block offers Different Types of Perks
H&R Block guarantees that all customers will receive the highest possible refund. If you get a bigger tax refund from another source (like using a different tax filing software or working with an outside professional), H&R Block will give you a refund for any fees you paid for their software or tax preparation services. They will also let you make changes to your tax return for free.
But, there are some conditions regarding the refund claim. To claim a refund, you need to do it in the same year you filed your return. Furthermore, it is important to note that a larger refund or a smaller tax liability cannot be attributed to providing incomplete, inaccurate, or inconsistent information. You should be consistent in your decision to not claim a particular deduction or tax credit. You cannot request a refund based on conflicting tax laws or changes in tax laws that occur after January 1, 2022.
There are two guarantees offered by H&R Block. The first is a 100% accuracy guarantee, which means that if H&R Block makes any mistakes that result in penalties or interest, they will reimburse you. The second guarantee is a 100% satisfaction guarantee, which means that if you are unhappy with H&R Block's tax preparation services before you file, you can get a refund.
H&R Block provides an audit support guarantee to assist you with any IRS or tax notices regarding your H&R Block filed return.
You have the option to pay extra for additional protections. These include a thorough review of your previous tax returns and an extended service plan that offers lifelong protection in case of an audit.
H&R Block Pricing
You can choose between in-person and virtual options for professional tax filing. The starting price for federal returns is $85. You might have to pay extra fees for filing in your state.
The cost of self-filing options ranges from $0 for simple returns to a maximum of $115, with an additional $45 per state filing.
H&R Block may give discounts to people who file their taxes early. You can choose to pay filing fees out of your tax refund instead of paying upfront. This option comes with a $39 fee.
How do you use H&R Block?
You have two options for filing your taxes with H&R Block. You can either file online through their website or find a local tax expert using the site and visit their office in person.
You can use H&R Block's mobile app to file your taxes and manage your documents directly from your phone. You can find it on the App Store and the Google Play store. However, some reviews mention that the apps can be unresponsive at times. If you want to use H&R Block's service for filing taxes without any trouble, it's best to either use their website or go to one of their professionals in person.
Is H&R Block Safe?
H&R Block keeps sensitive information safe by using secure socket layer technology (SSL). They also bring in external security experts to check for any risks or problems. When you log into your account, you need to go through multiple layers of authentication.
Conclusion
H&R Block is a reliable tax filing service that provides both self-filing and professional options. They offer different plans to choose from, use secure technology, and provide guarantees for accuracy and satisfaction. This makes them a reliable and convenient option for tax preparation.
FAQs
What is a simple tax return?
A simple tax return is the most basic type of tax return that you can file using Form 1040. You can use this tax form to report various types of income, such as W-2 income, limited interest, and dividend income, as well as claim standard tax deductions and report unemployment income.
Your simple tax return may include certain basic credits such as the Child Tax Credit, earned income tax credit, and student loan deduction.
If you make a mistake on your taxes, what will happen?
If you make a mistake on your taxes, you can use Form 1040-X to make a change. Changing your tax return before the end of the year doesn't cost you anything.
