TurboTax - vs - H&R Block, Electronic Tax Filing Software For 2020 - 2020

H&R Block 2020 Release Date Announced, + Tax Law Changes.

H&R Block 2020 Tax Software Release Date

H&R Block's 2020 - 2020 Tax Season Software is Here!

We are very pleased to announce that H&R Block's 2020 tax year software for filing your tax return by July 15th 2020 will be available beginning November 12, 2020.

With the H&R Block 11/12/2020 tax software release, these new products are fully up to date with the new tax laws going into effect. Changes to itemized and self-employment deductions are just some of the many updates that H&R Block's software is programmed to handle for you.

HR Block tax filing guidance walks taxpayers through these tax changes, how they'll affect your income tax returns, and how to get your maximum refund by taking advantage of tax deduction opportunities. Plus, the H&R Block drag and drop feature allows you to import last year’s tax return data from any tax provider. H&R Block Tax Software offers tax filers an unbeatable value.

HR Block Offers Top Notch Services for 2020

H&R Block is a very diversified company in the tax preparation industry that offers a wide range of tax services, from full service professional tax preparation to free simple online self prepared tax return filing.

Most taxpayers can easily use one of the H&R Block 2020 online versions, the desktop download, or CD installation versions.

Should you ever need assistance, one of HR Block's local offices can be a lifeline of tax support as well as their online facts and questions databases.

H&R Block boasts the fact that they have a retail office within five miles of most Americans that collectively employ over 100,000 tax professionals.

The H&R Block at Home product line is backed by nearly 60 years of tax preparation experience. H&R Block states that they have prepared over 550 million income tax returns and helped their clients receive over $50 billion in tax refund money last year. H&R Block, can easily help you create accurate federal and state returns stress-free from the comfort of your own home.

HR Block 2020 Online Tax Filing Editions will be ready long before needed for the new years tax law changes.

H&R Block 2020 Support for Tax Law Changes

Capital Gains Tax Changes

Several important changes were made in regards to the treatment of capital gains, and sunset provisions were eliminated.

Income Thresholds:

Social Security and Medicare

As was the case in the past, all wages earned in a given year are taxed at the 1.45% rate for Medicare. for 2020 earned wages paid in excess of $200,000 for Unmarried filers and in excess of $250,000 for Married filers will be subject to an extra 0.9% tax on earnings above those limits when filing taxes their 2020 income tax return.

Social Security tax will remain at 6.20%, while the wage limit, or Social Security maximum, increases from $127,200 to $128,400. The Cost of Living Adjustment (COLA) was 2.8% in 2020 -19, which raises the SSI limit to $2,788 per month.

HR Block 2020 Software Downloads and CD's for Computer Desktop Installation offer great tax law support for tax filing.

Proposed changes in lower-of-cost-or-market inventory would end the practice of writing down the taxable value of inventories to reflect a drop in price or damage to the goods. Many small businesses are going to have to declare hundreds of thousands of dollars of income regardless of how much they actually make.

Tax changes are no doubt the hardest issues to keep up on for new filing years. Fortunately the work and research is always one for you if you use HR Block 2020 Tax Software Products.

H&R Block 2020 tax preparation services also provide one-on-one support as an add-on to their software. No need to visit one of their offices to receive professional support, you can access it through HR Block live where you can work with a tax professional via video conference, telephone or instant chat to get the guidance you need. You can also access H&R Block services from your iPhone, iPad or Android device.

Our review found this software to be simple to use and feel that most tax filers will find the H&R Block online tax preparation service and software to be a good choice for their personal tax filing process. Fact is that preparing taxes online and eFiling is the preferred method for the do-it-yourself type filers. For other filers uninterested in preparing their own returns H&R Block has over 10,000 offices across the U.S. that include over 80,000 tax professionals.

Rest assured that the 2020 H&R Block tax product line is a great choice to help you easily prepare your return without stress and confusion. It's a choice that stays on top of satisfied consumer surveys year after year.