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

in Music

Miley Cyrus defends weed photos

Miley Cyrus performing live on stage on 'The Bangerz Tour' concert at Forum di Assago.

Miley Cyrus has defended her decision to publish pictures of her cannabis habit online, insisting she does not promote drug-taking to kids or feature it in her songs.

in Entertainment, Lifestyle

Kirsten Dunst criticizes Apple over naked photo leak

Updated
Kirsten Dunst arrives at the 'Charles James: Beyond Fashion' Costume Institute Gala at the Metropolitan Museum of Art.

Kirsten Dunst was among a number of celebrities targeted by a hacker who published reams of explicit personal pictures on the Internet.

in Entertainment, Sports

Carrie Underwood expecting her first child

underwood

Singer Carrie Underwood and her pro hockey player husband Mike Fisher are expecting their first child.