Tag: tax filings

When Disaster Strikes: Extra Time to File Taxes and Understanding Casualty Losses

Imagine this: your home’s been battered by a hurricane, your street’s a river of mud after a flood, or wildfires have left nothing but ash where your business once stood. In moments like these, the last thing on your mind is digging through soggy papers—or worse, ashes—to file your taxes on time. Thankfully, the IRS gets it. When natural disasters hit and FEMA steps in to declare a federal disaster area, the IRS often swoops in with a lifeline: extended deadlines to file your taxes and pay what you owe. As of March 25, 2025, this relief is helping folks across the U.S. pick up the pieces without the tax clock ticking over their heads. Here’s how it works, why it matters, and what you need to know about claiming casualty losses to lighten the load.

A Break When You Need It Most

Picture yourself in the chaos of a … Read the rest “When Disaster Strikes: Extra Time to File Taxes and Understanding Casualty Losses”

Why Your Tax Refund Feels Like Pocket Change This Year

Tax season’s here again, and if you’re like me, you’ve probably been daydreaming about what to do with that sweet refund check—maybe pay off some holiday credit card debt, treat yourself to a weekend getaway, or just breathe easier for a month. But as folks start filing in early 2025, there’s a collective groan echoing across the country: “Wait, that’s it?” Yup, refunds are looking a little puny this year, and it’s got a lot of us scratching our heads. Here’s what’s behind the shrinking checks—and why it’s not all bad news.

The Paycheck Plot Twist

Picture this: you’re sipping coffee, glancing at your pay stub last year, and noticing a few extra bucks you didn’t expect. Nice, right? Well, that’s part of the reason your refund’s playing hide-and-seek now. The IRS has been tweaking how much tax gets pulled from your paycheck, trying to match it closer to … Read the rest “Why Your Tax Refund Feels Like Pocket Change This Year”

H&R Block And The Impact Of Tax Reform

Bill Cobb, CEO of H&R Block shared on Tuesday that he likes the tax reform plans that President Donald Trump has devised, and the proposed replacement initiated by Republicans for the Affordable Care Act. Cobb spoke after the first half of tax season results for H&R Block were reported. Read more about Taxes with H&R Block.

Trump proposes to lower individual and corporate tax rates. In addition, the American Health Care Act which was released on Monday to replace “Obamacare” includes tax credits which can be used to pay for health care. There are also other changes to the tax returns.

Taxes with H and R Block
Photo by JeepersMedia Taxes with H&R Block

While Trump had said that H&R Block may not be happy about the plans for simpler taxes, Cobb is confident that customers will continue to use H&R Block’s services. Cobb also shared his perspective on the benefits of a lower … Read the rest “H&R Block And The Impact Of Tax Reform”