News

Many taxpayers pay more than required

Many taxpayers pay more than required

THE TAX MAN: With the filing deadline looming, experts say many Americans aren't getting the most bang for their buck. Photo: Associated Press

Are you giving the government more money than you owe it?

H&R Block senior tax adviser Richard Gartland says his company conducted a survey that found about half of the people who prepare their own taxes had some kind of inaccuracy in their return, and “half of those folks were leaving money on the table.”

Gartland says it’s because they missed out on tax breaks – deductions they were eligible for and didn’t take, or credits that they were eligible for and didn’t apply for.

He says many just take a standard deduction because it’s easier, but life changes – like marriage, birth of a child, buying a house — usually mean you should claim deductions. As Gartland puts it, “For every big milestone in life there’s a related milestone in your taxes.”

Recent Headlines

4 hours ago in Entertainment

Today in entertainment history: April 29

arethafranklin

A look back on some of Hollywood's most memorable moments.

15 hours ago in Entertainment

Pitch, please: Julia Robert ‘sells’ sex toys on ‘Ellen’

25-overlay-10

The "Pretty Woman" star, who plays a host on the Home Shopping Network (HSN) in her new movie "Mother's Day," was tasked with gushing about a blind item, which members of the studio audience could see.

16 hours ago in Viral Videos

WATCH: Annoying Windows reminder interrupts live TV report

20-overlay-12

Please excuse this interruption ...

20 hours ago in Entertainment

REVIEW: ‘Green Room’ is a gory, good time

13-overlay-12

It's lean, mean, loud and grisly, and a ton of bloody fun.

21 hours ago in Entertainment

Appeals court to hear ex-Subway pitchman’s appeal May 20

jaredfogleAP

A federal appeals court in Chicago has set a May hearing for former Subway pitchman Jared Fogle's appeal of his more than 15-year sentence in a child sex abuse and pornography case.