Major tax law changes and missed credits will affect millions of taxpayers this year.
There are new guidelines for claiming child-related benefits and new tax breaks for hurricane victims and charitable donors. The alternative minimum tax (AMT) is on track to snare almost 4 million taxpayers this year, and millions more will fail to claim credits for their higher education expenses.
Miss out on these changes, and you could be joining the millions of Americans overpaying their taxes by $1 billion each year by missing credits and deductions.
To help taxpayers understand these issues, H&R Block is kicking off the tax season by mobilizing its network of more than 70,000 tax professionals. H&R Block tax professionals will be hitting the streets across America, delivering free advice on tax topics with the most widespread impact.
“Our tax experts have identified five major tax areas that deserve special attention by taxpayers this year,” said Tim Gokey, president of the U.S. Tax Division of H&R Block.
Here are the top five things you need to know about taxes this year:
1. Claiming child-related benefits: A new...
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