H&R Block Tax Tips: Need Another Return Review? Check Out Second Look Tax Review

Adam McCully

Adam McCully

Published April 8, 2017 4:21 am
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VENANGO CO., Pa. – H&R Block submitted the following article: “Need Another Return Review? Check Out Second Look Tax Review.”

One in five Americans have inaccuracies on their tax return that lead to a smaller refund than they deserve.

You heard that right. More than 30 million Americans could be due a larger tax refund. While for some people the amount is small – $10, $20, $30 – it can be significant for others.

What Keeps People from Getting Their Maximum Refund?

Not filing, inaccurate tax filing statuses, and failure to claim tax education and child credits or dependents are the most common culprits of missed tax refund dollars.

1 – Education tax credits. The American Opportunity Tax Credit is worth up to $2,500. Whether you are a student or a parent, you may have education deductions available. Many people miss these deductions because the IRS rules are complicated and errors are common.

2 – Earned Income Credit (EIC) – This refundable tax credit is worth up to $6,269 for tax year 2016 depending on your income and number of qualifying children.

3 – Dependents. An exemption is $4,050 per dependent in tax year 2016, the Child Tax Credit can be worth up to $1,000, and the Dependent Care Tax Credit may be as much as $1,050 for one child and $2,100 for two or more children.

4 – Not filing. Did you know 5% of Americans do not even file a tax return? Failing to file can be a big mistake because you may actually be due for a refund!

5 – Filing status. Selecting your optimal filing status has a strong impact on the value of some credits and deductions. For some families, changing your filing status (single, married filing jointly, married filing separately) can make you eligible for a larger refund.

There’s good news… You have up to three years from the tax filing deadline to amend your tax return. If you think you have an opportunity for a higher refund, visit any H&R Block office for a Second Look. A tax professional will look at your return that you prepared through an online tax software or even a different tax preparation company. During the consultation, our tax professionals will determine any mistakes that could lead to more money in your pocket.

You may wonder the cost associated with this… Guess what? The consultation is completely free. If we don’t find anything – you don’t need to amend your return. If we do, your H&R Block tax professional can prepare a Form 1040X (amended return) starting at $49.

Take it from a real-life taxpayer. “The experience was great and painless,” said a friend of H&R Block, Emilie Wells, from Omaha, Nebr. “My tax pro acted almost like a detective, going back in time trying to uncover all the little details that would make a difference in our return. He worked through his computer program to recreate our 2015 return. He took his time asking me specific, detailed questions to make sure he didn’t miss anything.”

Emilie recommends using Second Look. “You either get money back or gain even more peace of mind knowing your taxes were done properly. It’s a win-win.”

Don’t miss the chance to verify the accuracy of your prior-year tax returns… And that you got back everything you deserve. Make an appointment for a Second Look now!

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