H&R Block Updates 2018: Stay Informed for Seamless Tax Preparation

Introduction

Staying updated with the latest updates and changes from H&R Block for the 2018 tax season is crucial for a seamless and stress-free tax preparation experience. As one of the leading tax preparation companies, H&R Block offers a range of new and improved services, updated tax laws and regulations, and expanded tax preparation options to help individuals and businesses maximize their tax returns. In this blog post, we’ll explore the key updates from H&R Block for the 2018 tax season and provide tips for maximizing your tax return with their assistance.

What’s New with H&R Block for the 2018 Tax Season

Enhanced Online Tax Preparation Services

H&R Block has made significant enhancements to their online tax preparation services, making it easier and more convenient for taxpayers to file their taxes online. The new and improved online tax filing platform offers several benefits:

1. Improved User Interface and Navigation: The updated platform features a user-friendly interface with simplified navigation, ensuring a smooth and intuitive tax filing experience.
2. Streamlined Data Entry and Import Options: H&R Block’s online platform allows users to import their tax information from previous years or upload their W-2 forms, eliminating the need for manual data entry and saving valuable time.
3. Enhanced Security Measures: H&R Block understands the importance of safeguarding sensitive taxpayer information. Their online platform incorporates state-of-the-art security measures, ensuring the protection of personal and financial data.

Updates in Tax Laws and Regulations

The tax laws and regulations for 2018 have undergone significant changes, and H&R Block ensures that its software is up-to-date to meet the compliance requirements. Here’s a brief overview of some major changes:

• Introduction of the Tax Cuts and Jobs Act, bringing extensive revisions to both individual and corporate tax regulations.
• Changes to tax brackets and rates, standard deductions, child tax credits, and many other provisions may significantly impact your tax liability.

By staying updated on the latest tax laws and regulations, H&R Block ensures that its software accurately calculates tax liability and maximizes potential deductions and credits.

Expanded Tax Preparation Options

To cater to the diverse needs of taxpayers, H&R Block has expanded its tax preparation options for the 2018 tax season. These new service offerings include:

1. Virtual Tax Preparation: Taxpayers can now choose to have their taxes prepared virtually by expert tax professionals, eliminating the need for in-person appointments while still receiving personalized assistance.
2. Professional Tax Review: H&R Block now offers a professional tax review service where certified tax professionals review your self-prepared return to ensure accuracy and potentially identify additional deductions or credits.

These expanded options provide flexibility and convenience, enabling taxpayers to choose the tax preparation method that best suits their needs.

Tips for Maximizing Your Tax Return with H&R Block

Utilizing H&R Block’s Tax Refund Estimation Tools

H&R Block provides powerful tools to help estimate your tax refund accurately. These tools take into account your income, deductions, credits, and other relevant factors to provide a reliable estimate. Here’s how to effectively utilize these tools:

1. Visit H&R Block’s website and navigate to their tax refund estimation page.
2. Enter the requested information, including your income, deductions, and credits.
3. Review the estimated refund amount, which gives you an idea of what to expect from your tax return.

Taking Advantage of Available Tax Credits and Deductions

Many taxpayers overlook valuable tax credits and deductions that can significantly reduce their tax liability. Here are some commonly overlooked tax credits and deductions:

• Earned Income Tax Credit (EITC): This credit is available to low to moderate-income individuals and families, providing a substantial refund.
• Medical and Dental Expenses: Deducting qualifying medical and dental expenses can lower your taxable income.

H&R Block’s tax professionals are well-versed in identifying and claiming eligible credits and deductions, helping you maximize your tax returns.

Seeking H&R Block’s Tax Professional Assistance

In certain situations, consulting a tax professional is highly recommended. H&R Block offers tax professional services to address complex tax issues or when you simply want the peace of mind that comes with having a professional review your return. Here’s when you should consider seeking their assistance:

• Self-employment income or business-related deductions and credits.
• Investment income, including capital gains and losses.

H&R Block’s tax professionals have the expertise and knowledge to navigate complex tax situations, ensuring accurate and optimal tax returns.

Conclusion

Staying updated with H&R Block’s latest updates for the 2018 tax season is essential for smooth and stress-free tax preparation. With their enhanced online tax preparation services, updates in tax laws and regulations, and expanded tax preparation options, H&R Block aims to provide taxpayers with the tools and expertise needed to maximize their tax returns. Don’t miss out on the valuable services and resources offered by H&R Block; start your tax preparation journey today to ensure a seamless and rewarding experience.