Let the Refunds Begin: IRS Starts Accepting Returns Jan. 31
H&R Block helps taxpayers file anyway, anywhere and anyhow
WHAT:The delay to the start of tax season 2014 is officially over. January 31 not only marks the first day the IRS will start processing 2013 tax returns, but it also marks the day W-2s must be postmarked and sent to taxpayers. The last day in January also starts a two-month countdown to the close of health care marketplaces.
WHO: These are the three key sources of confusion for taxpayers this tax season:
· Understanding health care’s impact on taxes – Almost everyone must have health insurance by March 31 or face tax penalties. H&R Block can help taxpayers sign up through a marketplace.
· Knowing to claim expired, family-friendly tax breaks – Many popular tax breaks for students, teachers and homeowners expired Dec. 31, but can still be claimed on 2013 tax returns.
· Realizing what life changes could mean tax savings – Not selecting the correct filing status, not understanding eligibility for the Earned Income Tax Credit and not claiming higher education tax breaks can be costly.
HOW: H&R Block (NYSE: HRB) enters its 59th tax season with 11,000 offices nationwide in addition to do-it-yourself filing options to help taxpayers ensure they claim every tax break they are due. For more information about filing tax returns, visit www.hrblock.com or call 800-HRBLOCK.
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About H&R BlockH&R Block, Inc. (NYSE: HRB) is the world's largest consumer tax services provider. More than 625 million tax returns have been prepared worldwide by and through H&R Block since 1955. In fiscal 2013, H&R Block had annual revenues of $2.9 billion with 25.4 million tax returns prepared worldwide. Tax return preparation services are provided in company-owned and franchise retail tax offices by over 80,000 professional tax preparers and associates worldwide, and through H&R Block digital products. H&R Block Bank provides affordable banking products and services. For more information, visit the H&R Block Newsroom.