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Stock impact report

Commonly missed tax credits and deductions [Investment Executive - News]

H&R Block, Inc. (HRB) 
Last h&r block, inc. earnings: 3/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: en.wikipedia.org/wiki/h
In a release on Tuesday, H&R Block Canada Inc. reminded taxpayers that returns from the past 10 years can be amended to claim any missed credits, deductions or benefits, and it highlighted the following as some of the most commonly missed credits and deductions: Child care expense deduction. Taxpayers can deduct up to $8,000 per child under age 7, $5,000 per child age 7–16, and $11,000 for a disabled child. Canada caregiver credit. For taxpayers supporting a spouse, partner, child or dependent with a disability or medical condition, a non-refundable tax credit of up to $8,375 can be claimed on their 2024 tax return. Medical expense tax credit. This credit is for expenses including prescription glasses and sunglasses, dental work, travel for medical treatment (if over 40 km), gluten-free food (for celiac disease) and therapy. Tuition and education tax credits. Students can transfer up to $5,000 of unused tuition credits to a parent, spouse or grandparent. Many students forget to cl Show less Read more
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