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

T-Mobile Customers May Be Eligible for Refunds

local_news_generic

Court ruling says cellphone company illegally charged customers

in Local

Quinn Appoints Former Budget Director as Comptroller

FILE - In this March 6, 2013 file photo, Illinois Comptroller Judy Baar Topinka gestures on the House floor at the state Capitol in Springfield, Ill. Topinka, who won a second term in November 2014, died early Wednesday morning, Dec. 10, 2014, less than 24 hours after having a stroke, according to her office. She was 70. Topinka previously served three terms as Illinois state treasurer, was a former Illinois GOP chairwoman and ran for governor in 2006.

Illinois Gov. Pat Quinn is scheduled to announce the successor to late Comptroller Judy Baar Topinka at a Friday event in Chicago.

in Local

Deputies to Be More Visible in Rural Areas

sangamon county sheriff

Barr wants his department on the country roads more

in Local

Durbin: New Budget Acceptable, Needs Tweaking

dickdurbin2

Says some provisions need to be changed