H & R Block estimates that nearly $ 1 billion in tax credits to potential consumption are neglected each year by people who are not aware of their eligibility for these benefits.
CEOAlan Bennett, H & R Block said:
Our research shows that taxpayers three out of four are not aware of potential tax reporting delays created by changes last minute tax law. other statistics show that about $ 800 million a year in tax benefits go unclaimed. people need us.
Bennett expects the confusion to be aggravated by the recent changes to the alternative minimum taxes, or AMT, which were made by Congress at the end of 2007. These changes are expected to have an impact 3 to 4 million homes and are likely to make the tax return on your own more confused than ever this year.
We suggest that consumers use a tax preparation and efile services online such as H & R Block to simplify the tax return and ensure that they receive all possible deductions and credits . You can learn more about the online tax preparation in our free online prep tax and efile guide.