H&R BLOCK347 MAIN STREET
CADIZ, KY 42211
270-522-3077
JOYCE HILL-franchise (SINCE 1986)
Employees: Patti Johnigk, Donna Fulton and Michele Marin
Yes! We have FREE Electronic Filing
To get your money quickly and conveniently there are several options available, for an extra fee, that may allow you to get your refund faster. In as little as 1 day and up to 15 days. Come by our office at 347 Main Street to see if you qualify.
TAX TIPS
Time Extended for First-time Homebuyers (updated November 9, 2009)
Looking to take advantage of the First-time Homebuyers Credit this year? The good news is that if you haven’t found your perfect starter home yet, you still have some time to do so. A new law extends the time to buy to April 30, 2010. Also, if you enter into a binding contract to buy the home by that date you still qualify if the closing is before July 1, 2010.
A reduced credit up to $6,500 is available for long-time homeowners. These are homeowners who have lived in their homes at least 5 consecutive years out of the 8 years before buying and moving into a new principle residence. This new credit is for homes purchased after November 6, 2009.
GET A TAX BREAK ON YOUR NEW CAR (updated July 31, 2009)
No matter what state you live you, you can take advantage of a tax deduction for the purchase of a new motor vehicle.
The American Recovery and reinvestment ACT (ARRA) of 2009 offers taxpayers who buy a new motor vehicle in 2009 to deduct state or local sales or excise taxes paid on the purchase. On June 10, the IRS and the Treasury Department said that a tax deduction is also available in states that do not have a states sales tax.
SAVE MONEY BY GOING GREEN AT HOME (posted April 23, 2009)
There are many new and expanded tax benefits on money spent to reduce energy use or create new energy sources. For example, homeowners can get bigger tax credits for making energy efficiency improvements or installing alternative energy equipment.
The American Recovery and Reinvestment Act (ARRA) of 2009 provides a uniform credit of 30% of the costs of qualifying improvements up to $1,500. Examples include adding insulation, energy-efficient exterior windows, and energy-efficient heating and air conditioning systems. It also raises the limit on the amount that can be claimed on improvements placed in service during 2009 and 2010 to $1,500.
COLLECTING UNEMPLOYMENT? THE FIRST $2,400 IS TAX FREE FOR 2009
(Posted March 27, 2009)
As of mid-March, a record 5.6 million people were receiving unemployment benefits. Those benefits are taxable. However, for those drawing unemployment in 2009, the American Recovery and Reinvestment Act makes the first $2,400 of unemployment benefits exempt from tax.
For married couples, the tax exemption applies separately to each spouse. This means that if both you and your spouse claim unemployment benefits this year, you can exclude the first $2,400 of your unemployment benefits and your spouse can exclude the first
$2,400 of his or her unemployment benefits received in 2009.
AT H&R BLOCK, WE KNOW THE ANSWERS TO ALL YOUR STATE TAX QUESTIONS. THE LITTLE THINGS YOU MIGHT NOT KNOW ABOUT YOUR STATE’S TAX LAWS CAN MAKE A BIG DIFFERENCE IN YOUR REFUND. WE’RE HERE TO MAKE SURE YOU GET BACK EVERY PENNY YOU’RE ENTITLED TO, OR YOUR RETURN IS FREE. LAST YEAR ALONE WE RECOVERED 43 BILLION DOLLARS FOR OUR CLIENTS. THIS IS PROBABLY WHY AMERICANS HAVE TRUSTED US--OVER 500 MILLION AND COUNTING. GOT MORE QUESTIONS? COME SEE US A 347 MAIN CADIZ OR CALL 522-3077
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