H&R Block Atlanta Offer: Free 1040EZ Tax Returns

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 24, 2010 -- Taxes can be confusing, with all the different 1040s, forms and schedules. A little understanding of what these forms are can ease the anxiety and stress that many taxpayers' experience when preparing their returns. And now H&R Block is offering to ease that stress with a FREE 1040EZ federal tax return now to April 4, 2010. Offer available at H&R Block offices in the metro Atlanta area.

“There were nearly 300 changes made to the tax code last year,” said Corey Sutton Sr., district manager at H&R Block. “Even those who file a 1040EZ may be able to take advantage of some of those changes and get more money back in their pockets.”

Sutton outlines just what it takes to be able to file with an EZ form versus the traditional 1040.

The 1040s
1040EZ
If you're single or married filing joint filing and have:
· No dependents
· Only income from your job or bank interest and it is less than $100,000 in total
· Only credits you need are EITC and Making Work Pay, no others
· No deductions - only get the standard deduction
· No other schedules

1040A

If you do not qualify for a 1040EZ, you may use the 1040A. Use the 1040A if all of the following apply:
· Your income is less than $100,000 and comes from your job, bank interest, pensions, social security
· You can get some of adjustments like student loan interest, IRA deduction, Educator Expense deduction
· Standard seduction only
· You can get some credits, Dependent Care credit, Child Tax Credit, Education Credit, Retirement Savings Credit, EITC and Making Work Pay
· You can add Schedule L and Schedule B (see schedule guide)

1040
Use the 1040 if any of the following apply:

· Your income more than $100,000
· You will have Itemized deductions
· You have a Health Savings Account you put money into or took money out
· You need to use schedules (see schedule guide)


Forms, forms
There are additional forms for anyone interested in claiming the first-time homebuyer credit, energy credits or additional education credits.

“That’s why it’s best to see your local tax pro, even for those returns that may not be as complex,” Sutton said. “Often our tax professionals are able to find additional tax credits and decutions taxpayers may not be aware of. This could mean a larger refund or a reduced tax liability.”
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About H&R Block

H&R Block Inc. (NYSE: HRB) is the world’s preeminent tax services provider, having prepared more than 500 million tax returns since 1955. In fiscal 2009, H&R Block had annual revenues of $4.1 billion and prepared more than 24 million tax returns worldwide, utilizing more than 100,000 highly trained tax professionals. The Company provides tax return preparation services in person, online through H&R Block Online, through its H&R Block At Home™ software and through other channels. The Company is also one of the leading providers of business services through RSM McGl

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