H&R Block is a popular tax preparation service offering various options for filing your taxes, including in-person, online, and software-based services. Costs vary depending on the complexity of your tax return and the level of service you choose. Here’s a quick overview of H&R Block’s pricing structure.
1. Online Tax Filing Costs
H&R Block offers several online filing options that cater to different tax situations. Here’s a look at the typical costs:
- Free Online: $0
- Ideal for simple returns, such as W-2 income and claiming the Earned Income Tax Credit (EITC).
- Deluxe Online: $55 – $65
- Designed for those with more deductions, like homeowners or those with health savings accounts (HSAs).
- Premium Online: $75 – $85
- Suitable for freelancers, investors, and those with rental property income.
- Self-Employed Online: $110 – $120
- Tailored for self-employed individuals and small business owners with additional tax needs.
Note: State returns typically cost an additional $40 – $50 each when filing online.
2. Tax Software for Download
H&R Block’s tax software provides the flexibility to file your return offline. Here are the main options:
- Basic Software: $20 – $30
- Good for simple returns with W-2 income only.
- Deluxe + State Software: $45 – $55
- For those with deductions like mortgage interest or student loan interest.
- Premium Software: $65 – $75
- Suited for investors and those with rental property income.
- Self-Employed Software: $90 – $110
- Ideal for small business owners and freelancers with more complex returns.
3. In-Person Tax Preparation Costs
If you prefer hands-on help, H&R Block also offers in-person tax preparation services at their locations. Prices for in-person services generally start at:
- Simple Returns: $80 – $100
- Complex Returns: $200 – $500+
- Costs increase with the complexity of your return, such as if you have investments, rental properties, or self-employment income.
Note: These prices vary by location, and additional fees may apply for state returns and other complex tax situations.
4. Tax Pro Review (Hybrid Service)
H&R Block also offers a hybrid service called Tax Pro Review, where you prepare your return online, and then a tax professional reviews it. This typically adds an additional fee of around $60 – $90 on top of the online filing cost.
Additional Services and Fees
- Peace of Mind Extended Service Plan: Around $40 – $50
- Provides audit assistance and representation if you’re audited by the IRS.
- Refund Transfers: Around $40
- Allows you to pay for tax preparation fees from your refund, but there’s an additional charge.
Conclusion
H&R Block offers a variety of tax preparation options to fit different needs and budgets, with online filing starting at $0 and in-person services that can exceed $200 depending on the complexity. To find the best option for you, consider the complexity of your tax situation and the level of support you need. By choosing the right H&R Block service, you can streamline your tax filing process and ensure accurate results.