Following the Internal Revenue Service’s distribution of letters to nine million individuals and families regarding eligibility for unclaimed tax credits, H&R Block (NYSE: HRB) wants taxpayers to know they can get help to access the credits. The letters will be sent starting this week.
The letters will notify people who normally aren’t required to file tax returns that filing a 2021 return may give them the chance to receive Recovery Rebate, Child Tax and Earned Income tax credits.
Each of these credits was expanded by the 2021 American Rescue Plan Act. Other potential credits include the Child and Dependent Care Credit and a deduction for gifts to charity.
The total refund amount is dependent on each personal situation. To navigate the process of filing their 2021 returns and accessing the credits, taxpayers can get help from an H&R Block tax pro online or in person.
More information about eligibility and how much can be received through a refund is available here. For information specific to each credit, see the articles below on H&R Block’s website.
Original source can be found here.
Alerts Sign-up