H&R Block

by Mel
Jan 26, 2021 | 0 Votes | 60 Used | 0 Reviews Your vote
H&R Block (2021) - rate H&R Block is an American tax preparation company that provides all types of free and paid tax-filing services—either DIY at home using downloadable tax software or e-filing on their website; with on-demand help via video chat or by phone; or by visiting one of their many offices. Apply Now Similar Sites Used Post a Review

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Summary


H&R Block is an American tax preparation company that provides all types of free and paid tax-filing services—either DIY at home using downloadable tax software or e-filing on their website; with on-demand help via video chat or by phone; or by visiting one of their many offices to consult with a tax expert in order to get your maximum tax refund.

What You Get


Every start of a new year is when income earners, home owners, and businesses in the United States prep themselves for the most hallowed of duties—filing of federal tax returns before the “Tax Day” deadline (usually around April 15th). A civic requirement since the ratification of the Sixteenth Amendment to the United States Constitution on February 13, 1913, neither rain or shine, sleet or snow, war or peace, or an act of God has stopped the tax man from coming to collect your due liabilities—and yes, not the even the global Covid-19 pandemic (though the tax deadline was extended to July 15 in 2020).

So, Americans know by now that absolutely nothing stops the tax collector from knocking on your door regardless of how life has been complicated by the myriad problems resulting from the pandemic. Fortunately, tax preparation companies such as H&R Block have been a reliable standby all throughout, helping Americans file their taxes and recover any possible tax refunds for 65 years.

While they are a full financial solutions company offering payroll, banking, and business consulting services, H&R Block is primarily and most renowned for their tax preparation services for Home or at one of their 12,000 H&R Retail Tax Offices worldwide manned by their tax experts aptly called “Tax Pros”.

If you opt for filing your taxes at home, there are several options available depending on your requirements and tax filing proficiency and comfort level: H&R Block Online, File With a Tax Pro, and H&R Block Tax Software.

H&R Block Online is your ultimate DIY tax filing solution where you can fill out your forms from the convenience of your devices as long as you have an internet connection. Ideal for those who already have prior experience filing taxes themselves, the service also offers expert assistance if you need it. H&R Block Online is available in four (4) plans according to your particular taxation filing requirements. To find out what plan is best for you, first answer H&R Block’s Questionnaire on the HRBlock.com website (found by clicking the “Taxes” tab in the Main Menu, entering the “File Online” section, and tapping “Help Me Choose”). Below is a summary of what each plan offers:

FREE Online (Federal: $0; State: $0) is best for students, parents and W-2 employees and allows you to file simple 1040 returns plus schedules 1 and 3, which makes it a more extensive service than most other free software packages. If you’re a newbie to filing, you have the option to pay extra for their Basic Online Assist service (Federal: $39.99 $69.99; State: varies) which offers unlimited on-demand video access to a tax pro for help, advice and a final review.

Deluxe (Federal: $29.99 $49.99/$109.99 with Online Assist; State: $36.99) lets you itemize and claim several tax deductions (student tuition, retirement, real estate, home mortgage interest) and tax credits (EIC), including Health Savings Account (HSA) contributions and has functionality for digitally organizing all of your tax docs for up to six years.

Premium (Federal: $49.99 $69.99/$159.99 with Online Assist); State: $36.99) is for those who are investors or have income from rental property (that is, you need to file a Schedule D or E or have K-1s). It includes all the features of Deluxe, plus small business expenses claims.

Meanwhile, the 2021 version of Premium has started to allow select gig workers with less than $5,000 in business expenses to qualify for filing using Premium instead of the usual Self-Employed plan for extra savings in light of the coronavirus pandemic.

Self-Employed (Federal: $84.99 $109.99/$194.99 with Online Assist; State: $36.99) offers all the features of Premium PLUS the ability to report business deductions and asset depreciation. Ideal for small business owners, freelancers, gig workers, and independent contractors. It is also particularly ideal to use for Uber drivers to import their tax information.

Regardless of which packages you choose, you will get access to a nice range of tools, such as the easy import of last year’s tax returns, that will make filing your taxes so much easier. H&R Block also provides a complementary Accuracy Review after you’ve done your taxes and will help you check your files for issues. It will even assess your audit risk. Though, if you do get audited, H&R Block only provides the in-person Audit Support feature for Premium and Self-Employed subscribers, otherwise, the service will incur an extra charge ($19.99).

Also new for 2021 is H&R Block’s expanded File with a Tax Pro service where you can file your taxes directly with a tax expert. Want to simply drop off your taxes and let an expert do everything for you? With the improved “File with a Tax Pro” service, you can share your docs in-person or virtually. Swing by and drop off your docs at your local H&R Block office, work with your tax pro face-to-face, or share your tax docs and connect with your tax pro over chat, video conferencing, or phone and let your tax pro do the rest! The choice is yours! It’s a great way to get professional guidance and a relationship you can rely on year after year. Virtual filing is also the best way to go contactless with your filing during the pandemic. Rates start at $69 + additional state fee.

If you are already great with crunching numbers and organizing your ledgers, then you can also consider downloading H&R Block’s original Tax Software home tax prep solution. Store your taxes on your computer, stay in control, and always get your max refund with downloadable licensed software packages available in Basic ($19.95 $29.95) for employees and parents; Deluxe + State ($44.95 $54.95) for investors and deductions; Premium ($64.95 $74.95) for self-employed and rental property owners; and Premium + Business (79.95 $89.95) for small businesses.

Besides tax-filing services, H&R Block also offers tax-related Add-ons for an extra fee, including:

Tax Identity Shield ($14.99) where H&R Block can scan the dark web for your information and notifies you of any changes regarding your Social Security number.

Refund Transfer ($34.95) which gives you the option of not paying your H&R Block fees outright when you file if you’re short on funds. Instead, you can pay them (plus the $34.95 service fee) at a later date when you receive your tax refund.

Tax Prep Checklist (FREE) is an easy way to find any forms you may have overlooked. What’s more, it doesn’t require a login or H&R Block account so you can create your checklist even if you choose a different tax preparer.

H&R Block also has two Mobile Apps that you can use to better manage your tax documents: MyBlock, an app that’s designed for you to easily manage your taxes and your Emerald Card (H&R Block’s Prepaid Mastercard); and H&R Block Tax Prep, which allows you to prepare and file your taxes anytime and anywhere from the convenience of your mobile device while tapping into the expertise that H&R Block has to offer.

Never received your 2020 coronavirus stimulus check because of a tax return-related issue? Have you been underpaid based on your 2020 income? The Recovery Rebate Credit feature of H&R Block Online allows tax filers to retroactively receive the stimulus money as long as you have an “IRS letter Notice 1444 Your Economic Impact Payment” to file for this credit. H&R Block allows users to reference this document and request the appropriate credit at tax time.

Terms


As with most other tax prep companies, you can pay your fees and taxes by debit card or credit card. There is a 2.49% fee for this service with a minimum fee of $2.59. On the other hand, if you want to avoid the fees, you can pay your dues directly from your bank account, by check, or money order.

One of the major highlights of H&R Block is its Guarantees. They are so confident in their tax program that if you are able to get a larger refund (or smaller liability) using their competitor’s methods, then they will refund you the fees you’ve paid and let you use the H&R Block service to amend your return at no extra charges.

They are very confident in the accuracy of their software as well. You can be reimbursed for up to $10,000 if their program makes an arithmetic error that causes you to bear payment penalties or to be of interest to the IRS. In fact, if you do get audited by the IRS, H&R Block will help you understand and respond to their tax notices without any charges. And, if at the end of the day you are still not satisfied, then H&R Block will refund the full purchase price you’ve paid.

Trustworthiness


With over 60 years of tax prep services provided, over 12,000 offices worldwide, and over 800 million tax returns prepared, there is no doubt that H&R Block is one of the most popular, top-rated, and trusted service companies in the industry. Furthermore, their vaunted Three Guarantees promise includes a Maximum Refund (with real-time Refund Reveal), Audit Support, and 100% accuracy.

In addition, H&R Block takes security seriously by encrypting your information on both web browser and bank levels. This means your information is encrypted as it’s entered and as it’s sent to the IRS. They also boast 24/7 monitoring of their data and perform external security audits to ensure their systems are up-to-date and performing well.

Conclusion


Like most tax payers, whether first-time or experienced, you probably need some amount of assistance in order to complete the most accurate filing you can to get a maximum refund. In these cases, H&R Block has been one of the best tax prep companies to rely on for over six decades. Even better, their FREE service is already enough for the average tax payer to file the most basic tax situations, including employment income and earned income tax credit—far more than the free plans offered by their competitors. So, when it comes to filing your taxes this year, give H&R Block a go first; chances are, you won’t switch to anybody else.

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by Mel Jan 26, 2021
H&R Block is an American tax preparation company that provides all types of free and paid tax-filing services—either DIY at home using downloadable tax software or e-filing on their website; with on-demand help via video chat or by phone; or by visiting one of their many offices. H&R Block Read More
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