H&R Block Helps Unscramble the Recovery Act Tax Code With Bill Signed, Digesting Impact on Individuals Begins

H&R Block Helps Unscramble the Recovery Act Tax Code With Bill Signed, Digesting Impact on Individuals Begins

KANSAS CITY, MO, (MARKET WIRE via COMTEX) -- Now the real work begins. The direct impact of certain deductions and credits in the American Recovery and Reinvestment Act to individual taxpayers may take a few months or even a year to actually come to fruition. H&R Block (NYSE: HRB) puts the spotlight on several different provisions that can put money in taxpayers' pockets now and in the future.

"Taxes aren't just a one-day, annual event," said Amy McAnarney, executive director of The Tax Institute at H&R Block. "They are something you should think about year-round. And in this economic climate and the passage of the Recovery Act, taxpayers likely will need assistance getting the maximum benefit out of their tax situation."

H&R Block notes five key areas that impact individual taxpayers today and in the future:

  • Putting money in taxpayers' pockets now
  • Helping more of those who have less
  • Making homeownership more affordable
  • Increasing access to higher education
  • Getting green from the garage

Learn more about the American Recovery and Reinvestment Act

With credits and deductions from a few hundred dollars to several thousand dollars, taxpayers want to get that money now as opposed to when they file their 2009 returns next spring.

"Adjustments to the taxpayer's W-4 can reap immediate benefits to their paycheck," McAnarney said. "That's one way to take advantage of a credit now, when they most need it."

The Tax Institute, a division of H&R Block, is a national leader in providing unbiased research, analysis and interpretation of federal and state tax laws. Staffed by Enrolled Agents, CPAs, and Attorneys, The Tax Institute provides industry expertise for matters related to taxes and the professional tax preparation industry.

About H&R Block

H&R Block Inc. (NYSE: HRB) is the world's preeminent tax services provider, having served more than 400 million clients since 1955 and generating annual revenues of $4.1 billion in fiscal year 2008. H&R Block provides income tax return preparation and related services and products via a nationwide network of approximately 13,000 company-owned and franchised offices and through TaxCut(R) online and software solutions. The company also provides business services through RSM McGladrey. For more information visit our Online Press Center at www.hrblock.com.

SOURCE: H & R Block

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

DRNK coffee + tea/QWENCH juice bar
Two trailblazing and on-trend concepts, DRNK Coffee + Tea and QWENCH juice bar are available for franchise development in most US markets.
Fantastic Sams
Fantastic Sams® is one of the most recognized brands in the hair care industry with nearly 1,200 full-service salons in North America and 40 years...
Red Mango
Based in Dallas and with more than 300 locations across the U.S., Mexico, El Salvador and Uruguay, Red Mango is a rapidly-expanding retailer of...
Sky Zone
Sky Zone created, built and franchises the first of its kind wall-to-wall trampoline playing courts with unlimited purposes and endless possibilities.
The Joint Corp.
The Joint® Chiropractic is reinventing chiropractic care. Our vision is to become the largest, most respected provider of chiropractic services...
Share This Page

Subscribe to Franchising Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.