Since 1955, H&R Block has been making a name for itself as a company that helps people with their taxes. Its headquarters are in Kansas City, and it has about 9,000 company-owned and retail tax offices around the world. This includes all 50 states and military bases, as well as the U.S. territories. H&R Block is easy to get to, which makes it a reliable tax planning service.
H&R Block not only has lots of physical stores, but it also has digital options. With these “do-it-yourself” services, H&R Block has helped millions of people in the U.S. get their tax returns ready. There are also many ways to get help with the service. The Tax Institute is H&R Block’s centre for tax expertise. It is staffed by tax attorneys, certified public accountants (CPAs), and former IRS agents, among others, who give H&R Block clients expert advice. You can get in touch with thousands of tax experts, making it a good resource for both tax experts and their clients. To become a tax advisor, everyone has to go through a certification program.
H&R Block helps you get through tax season easily and quickly with a variety of plans and a commitment to support and guidance.
H&R Block’s Tax Return Filing Options
H&R Block provides several tax filing options. In addition to filing at a physical H&R Block facility, there are four digital filing options: Free, Deluxe, Premium, and Self-Employed.
All digital options from H&R Block come with several guarantees. The firm claims 100 percent precision. Whichever of the online option you choose, you are paid for any mistakes made by the service and receive in-person audit help. According to the company’s satisfaction guarantee, you are eligible for a return of the purchase price if you are unhappy with the service. There is also an assurance that H&R Block will locate the largest return possible. H&R Block will alter your return and refund the purchase price if another tax preparation software provides a bigger refund.
- Self-Employed Option
- Tax Pro Review
- Refund and Payment Options
- In-Office Tax Preparation
The free option from H&R Block is designed for beginning filers and those with uncomplicated tax returns. The filing of federal and state tax returns are both free of charge. This is significant for individuals with numerous state returns, as the free option from the majority of services only includes one free state return and then costs for each subsequent state return.
With the free option, you may submit Form 1040 in addition to a variety of other typical tax forms. Forms 1099 (DIV, INT, and R), 1098 (E and T), and 1095 are included (A, B and C). You may also attach Schedule EIC (for claiming the earned income tax credit) as well as a multitude of additional schedules.
Also, starting is simple. H&R Block allows you to import your tax return from the prior year, even if it was filed with a different business. Moreover, past W-2, 1095, 1098, and 1099 forms may be imported. You may add the information from your most recent W-2 by photographing and uploading the form.
Also, this free alternative provides step-by-step instructions to keep you informed throughout the procedure. There are easy-to-find answers to frequently asked questions, as well as instructions on hundreds of credits and deductions. Also, you receive technical help through chat. In addition, H&R Block offers refund reveal, which explains why refunds fluctuate throughout the filing process. This complete transparency provides assurance that you are receiving the maximum return to which you are entitled.
If you cannot file for free, you will likely need to choose the Deluxe filing option. It costs $55 for federal returns and $45 for each state return. In addition to the free option’s features, Deluxe includes additional forms and, thus, allows you to claim more deductions.
This option allows you to itemised deductions on Schedule A. It also contains DeductionPro®, which helps you keep track of your charity contributions and strive to optimise your tax deductions. In addition, H&R Block Software provides free storage and access to six years’ worth of tax returns for recurring customers. This makes your information readily available whenever it is required.
The Premium filing option costs $75 federally and $45 per state. This service grade is ideal for persons having rental income or income from investments or cryptocurrency. It can also be used by persons who perform freelance or contract work on the side but earn little from it.
In addition to the features listed in the preceding filing options, Premium contains, most notably, Schedules C, D, E, and K-1. Schedule C is intended for independent contractors and freelancers with simple income. Schedule D focuses on stocks, bonds, and profits and losses on capital assets. Schedule E is used to record rental income and tax deductions. Form K-1 reflects revenue from a personal partnership or S company, an estate or a trust.
Premium is suitable for those with more complex financial situations due to its numerous features that are unavailable with the other tiers.
Self-Employed is the most expensive and sophisticated option offered by H&R Block. Every form and deduction offered by H&R Block is included in this package. It costs $115 to file a federal tax return and $45 each state tax return.
This option is distinguished by the fact that you can submit Schedule C for both income and spending. This form again focuses on income from self-employment and small businesses, as well as business tax deductions, costs, and asset depreciation.
There are additional tools to assist you optimise your tax savings by ensuring that you claim every potential business deduction. If you drive for Uber, you may import your tax information straight from Uber and other ridesharing, food delivery, and marketplace services using the Self-Employment filing option.
Tax Pro Review
With this option, a tax expert will examine, sign, and instantly file your tax return. If you’re concerned about your tax status, it might be comforting to know that a professional has reviewed everything and found no problems. Also, you get access to the tax expert for one year after filing.
This option’s price begins at $85 and includes all relevant tax forms.
Refund and Payment Options
You may load your tax refund onto an H&R Block Emerald Prepaid Mastercard® while filing with H&R Block. This card functions as a debit card and is accepted anywhere Mastercard is accepted. You can also get your return through cheque or direct deposit, which are more conventional means.
You can also use your tax refund to pay for H&R Block’s tax preparation services. The monies are withdrawn straight from the federal return upon completion of the services. Also accepted are cash, checks, debit cards, and credit cards.
In-Office Tax Preparation
H&R Block offers a number of ways to file taxes online, but you can also do your taxes in their office. You can work with a trusted expert in one of the 9,000 offices around the world to help you get the most money back.
All you have to do is bring in your tax documents and let the experts do the work. You can bring in old tax returns to a free service called Second Look® and have a trained professional look for money that you may have missed. H&R Block can also help you with bookkeeping and payroll.
Tax Audit Services
If your tax return that you filed with H&R Block is being audited, you will get a free consultation to help you figure out what is going on. After the consultation, you may be able to get more help with your audit.
If you use H&R Block’s desktop software to file your tax return, you will get free help with an audit. If you filed your taxes at a real-world H&R Block store, you can pay extra for audit support if you need it.
Online Help and Tools
You can use online tools from H&R Block to help you get through tax season. This has a tax calculator to help you figure out your tax returns, a W-4 calculator, and an Affordable Care Act (ACA) calculator. It also has groups of experts who are ready to help you with your questions and problems. Block Talk is the company’s blog where tax tips, hacks, and facts are shared. The Tax Institute shares what tax experts know and how to do their taxes. No matter if you’re new to taxes or a tax pro, H&R Block wants to be clear and help you.
H&R Block Pricing
|Federal: Free, State: Free
|Best for first-time filers or simple tax returns. Forms like 1040 and some child tax credits are supported.
|Federal: $55, State: $45
|Best for maximising your deductions; includes all free features plus forms for homeowners; lets you itemise.
|Federal: $75, State: $45
|Best for investors and rental property owners; all Free and Deluxe features, plus accurate cost basis; Schedule C (income), Schedule D, Schedule E, Schedule K-1.
|Federal: $115, State: $45
|Best for small business owners; all Free, Deluxe and Premium features, plus Schedule C (both income and expenses)
|Tax Pro Review
|Starts at $85
|Includes all previous features plus access to a tax professional who can double-check your review and provide guidance for one year after filling.
H&R Block offers many different plans. Which one is best for you depends on how much money you have. All plans have basic features like technical support, an easy way to import tax documents, and a guarantee of the most money back. But as the price of the plan goes up, you get more features. This is because their financial needs are more complicated.
If you don’t want to use one of H&R Block’s digital filing options, you can also go to one of its physical tax offices and work with tax preparers there.
Who Is H&R Block For?
H&R Block is useful for a wide range of filers, whether it’s their first time filing or they’ve been doing it for years. They have different plans and are easy to find. You learn the ins and outs of filing taxes, and it’s easy to use the online filing services.
H&R Block also has thousands of offices where you can talk to a tax expert and file your taxes in person. This is a nice perk if your finances are more complicated and you’d rather work with someone in person.
Bottom Line: Should You Use H&R Block?
H&R Block is not the cheapest service out there, but it is simple, easy to use, and trustworthy. You learn more about how to file your taxes and still get the most out of tax season. It shows you how to do things step by step and gives you all the information you need to file your taxes with confidence. If you’re a returning customer, its online features make it easy to import tax documents and look at tax returns from previous years. If you have the money, H&R Block is a good choice. It’s also a good option if you want to talk to a tax expert in person. You can start your taxes online and then switch to filing in person if you need to at an H&R Block office.