How to Save Money on Your Taxes in 2019

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This post is an affiliate post sponsored by H&R Block. While this is a sponsored opportunity, all content and opinions expressed here are my own.

With the new tax reform bill that passed a year ago, virtually everyone’s tax filing situation has changed. This might leave you feeling uncertain about how to navigate your upcoming tax return.

Complicating things is the fact that it’s not always cheap to have a professional do your taxes for you. Luckily, H&R Block has a full spectrum of options to help you navigate the new tax laws.

Bonus: With our exclusive deal with H&R Block, you can save 35% on your taxes. Click here for more details.

What Does the 2018 Tax Reform Bill Mean for You?

The Tax Cuts and Jobs Act of 2017 is the most sweeping rewrite of the tax code in 30 years. If you’re like me, just that statement alone sounds intimidating.

There are many components to the new tax reform bill. Changes were written into the bill for many major taxation areas. Those areas include:

  • Income tax rates
  • Alimony treatment
  • Child tax credits
  • Medical expense deductions
  • Real estate deductions
  • 529 education savings plans
  • Corporate tax rates
  • Estate taxes

Depending on your individual tax situation, you may find the changes positive. Then again, you may find just the opposite. Either way, you’ll need to know the best way to save the most money on your taxes.

How do we as tax filers navigate through all of the new changes without spending a fortune on filing our taxes? I don’t know about you, but I’m not up for reading the 1,000+ pages of the bill itself and accompanying report.

Some things are better left to the experts, and that’s one of them. H&R Block has been in the tax business for over 60 years. That means it’s successfully navigated major tax reform bills since the 1950’s.

H&R Block: No Mystery Fees

Pricing transparency is a big deal in the world of tax preparation. Some companies will quote you one price. Then they’ll hit you with additional mystery fees when it comes time to pay your tax preparation bill.

H&R Block has a great online feature called Price Preview. With Price Preview, you’ll be able to see exactly what it will cost you to have the company prepare your return. This way there are no surprises.

And if you go into an H&R Block office to get your taxes done, you get the same upfront price information before you file. This way you won’t get hit with unexpected fees.

Expert Tax Help at Your Fingertips

Like nearly all online tax filing programs, H&R Block has free and paid options. However, it also has one feature that not all other companies have: Ask a Tax Pro.

Nearly all online tax programs offer unlimited, on-demand access to a tax professional while you use their materials to complete your return.

Ask A Tax Pro lets you chat and share screenshots as you complete your return. That way, an H&R Block tax expert can see exactly what you see and answer any questions you may have. In addition, you have the option to talk directly with a tax expert if the chat system isn’t your favorite mode of communication.

H&R Block’s certified network of tax professionals have an average of 15 years of experience in tax filing. This means your Ask a Pro expert will know how to find the answers to your tax questions.

H&R Block Tax Filing Options

H&R Block has several tax filing options. The one you choose will depend on your personal tax situation, as well as personal preference.

Online Tax Filing

Many people are turning to online tax filing these days. In fact, the IRS Tax Filing Statistics page shows that most people are filing their taxes online.

In-Person Tax Help

H&R Block has more than 12,000 tax offices worldwide. If you like getting your taxes done in person, just stop into your local H&R Block office.

H&R Block has several e-filing options to fit every taxpayer need. Here is a brief summary of the H&R Block tax filing products.

Free Online Tax Filing

H&R Block’s free online filing product really is free. Whereas other companies may give you a free federal return but charge to file with the state, H&R Block lets you file your federal and state returns for free.

With the H&R Block free program, you can prepare and file your 1040EZ, 1040A and 1040 forms for free. Filers taking advantage of the new higher standard deduction can file for free too.

The new standard deduction is $12,000 for single filers and $24,000 for married filers. This is a great program for filing your taxes quickly and easily if you’re not itemizing at all.

Not only does H&R Block Free allow you to continue filing federal and state taxes for free, but it also includes more credits and deductions than its competitors. It has 45 tax forms, more than twice as many as TurboTax. People who are filing with the following are also able to file with H&R Block Free, which is not the case with TurboTax:

  1. Student loan interest payments
  2. Tuition payments
  3. Child and Dependent Care Credit
  4. Form 8880, “Saver’s Credit”
  5. Social Security income
  6. Unemployment income
  7. Form 8965 Health Coverage Exemptions [used if you’re not insured year-round]
  8. State refund last year

Paid Online Tax Filing Products

H&R Block also has several paid online products to fit any tax filing scenario. As a part of the exclusive Well Kept Wallet offer with H&R Block, you’ll get 35% off the cost of filing your taxes online with H&R Block when you choose one of its paid online products.

Other benefits to using H&R Blocks paid online products include:

  • Guarantee that you’ll get your maximum refund available to you
  • Price Preview — upfront pricing, no hidden fees
  • Prompts for new credits and deductions due to the new tax reform law

Here are your options when choosing an H&R Block paid online filing product.

Deluxe Online Tax Filing

H&R Block’s Deluxe online tax filing program is best for homeowners, as well as tax filers who made large charitable donations and/or have Health Savings Accounts (HSAs). Here are some of the basic features and benefits of this program:

  • $29.99 fee for federal filing and $36.99 fee for state filing (before the Well Kept Wallet 35% discount)
  • Access to Deduction Pro to help you maximize your deductions
  • Technical support
  • Supports deductions for real estate taxes, mortgage interest and HSA contributions

This could be the best program for you if you have a few basic deductions.

Premium Online Tax Filing

H&R Block’s Premium online tax filing program is best suited for you if you have a few tax situations besides homeownership and an HSA. Here are some of the basic features and benefits of the Premium program:

  • $49.99 fee for federal filing and $36.99 fee for state filing (before the Well Kept Wallet 35% discount)
  • Allows you to import expenses from popular apps like Stride
  • Allows you to incorporate:
    • Freelance/contractor income with expenses of less than $5,000
    • Rental property income
    • Stock sales income
Self-Employed Online Tax Filing

H&R Block’s Self-Employed online tax filing program is best suited for you if you are a small business owner. Here are some of the features and benefits of the Self-Employed program:

  • $79.99 fee for federal filing and $36.99 fee for state filing (before the Well Kept Wallet 35% discount)
  • Allows you to include small business income
  • Supports small business expenses, including home office, depreciation and vehicle expenses
  • Allows you to import expenses from popular apps like Stride
  • Includes Business Booster, which allows you to write off your startup costs

If you’ve got a bona fide small business, this could be the best H&R Block online filing program for you.

TaxPro Go

If you’re not crazy about the idea of preparing your taxes online yourself, TaxPro Go might be the perfect solution for you.

With TaxPro Go, you just answer a few simple questions about your tax situation. H&R Block will then match you with a virtual tax pro who will:

  • Prepare your return within five days of receiving all necessary tax documents. Just scan and send, no need to go into an office
  • Consult with you at your convenience should they or you have any questions
  • Let you sign and file your return electronically

This is a secure and easy way to have your taxes done online without having to step foot in a tax preparer’s office.

In addition, the turnaround is quick and H&R Block offers easy payment options. And of course, you’ll approve your TaxPro Go return before your taxes are submitted.

Note that only the H&R Block paid online products are eligible for the Well Kept Wallet 35% discount special offer. This discount does not apply to H&R Block retail offices or software purchases.

Summary

H&R Block online tax filing uses the company’s decades-long expertise to help you do your taxes in whatever way is most convenient for you. From DIY solutions to fully assisted tax prep, H&R block has programs that will get you the maximum refund possible, guaranteed.


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2 COMMENTS

2 responses to “How to Save Money on Your Taxes in 2019”

  1. Hadley Hodgson says:

    I started freelancing alongside my full-time job last year and I’ve found doing my taxes to be a bit of a minefield! I really don’t want to get something wrong, so I may just hire an accountant to help me so I don’t mess it up.

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