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 National, World

Israel warns of long Gaza war as Palestinian fighters cross border

Israeli soldiers patrol outside the northern Gaza Strip on July 28, 2014.

Israeli Prime Minister Benjamin Netanyahu dashes any hopes of a swift end to the three-week conflict as Palestinian fighters launched an audacious cross-border raid.

in Sports

Only arguing remains in Sterling trail

FILE - In this Nov. 12, 2010, file photo, Shelly Sterling sits with her husband, Donald Sterling, right, during the Los Angeles Clippers' NBA basketball game against the Detroit Pistons in Los Angeles. With a $2 billion sale of the Clippers hanging in the balance, a judge is set to determine Monday, June 30, 2014, if the terms of a family trust alone are enough to confirm Donald Sterling was properly removed as trustee and allow his estranged wife to sell the team without his consent.

Only final arguments and a ruling remain in the trial to determine whether Donald Sterling's estranged wife can sell the Los Angeles Clippers for $2 billion.

in Music

Concert-goes hospitalized during Keith Urban show

Keith Urban arrives at the 56th annual GRAMMY Awards at Staples Center on Sunday, Jan. 26, 2014, in Los Angeles.

Things got a bit crazy at Keith Urban's Massachusetts show on Saturday night.