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 Local

Deal with 186 Teachers in Reach

school board headquarters

Springfield School District teachers have struck a tentative deal on a one-year contract

in Election 2014, Local

Slottag Seeks Ward 8 Seat; Theilen Alleges Political Meddling

municipalcenter

A familiar name is running for Springfield City Council.

in Election 2014, Local

Rauner: Quinn Needs Patronage

Bruce Rauner (R), Pat Quinn

Republican governor candidate Bruce Rauner wants everyone hired under patronage rules at the Illinois Department of Transportation, but given non-patronage, work to be fired.

in Local

Medical Examiner: Bel-Aire Owner Likely Died of Natural Causes

BEL-AIRE

The owner of Springfield's Bel-Aire motel likely died of natural causes.

in Local

Nearly 150 People Treated for Carbon Monoxide Exposure at North Mac Intermediate School

medical

Anywhere from 65 to 100 North Mac Middle School students were sent to Springfield hospitals Monday following a carbon monoxide leak.