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Tax Assistance

Helping you keep your hard earned money at tax time


Receive discounts on tax preparation with H&R Block Employer Solutions Program. Whether you want to do your own taxes or work with a tax professional, H&R Block's Employer Solutions Program can help you with special discounts for Sodexo employees.

H&R Block Employer Solutions Program

H&R Block Discount Coupon

 

W-2 forms for 2007 Tax Year Postmarked by January 31, 2008. To provide a change of address for delivery of  2007 W-2 complete this form: W-2 Action Form. The standard processing time for all 2007 W-2 Reprints is 1 to 2 weeks.

Earned Income Tax Credit

The Earned Income Tax Credit (EITC) provides up to $4,700 in tax refunds to eligible working families. The EITC is offered by the Federal Government.

Who Qualifies?
US Citizens or resident aliens with a valid SSN and an annual income less than the following for
tax year 2007:
$37,783 ($39,783 married filing jointly) with two or more qualifying children;
$33,241 ($35,241 married filing jointly) with one qualifying child;
$12,590 ($14,590 married filing jointly) with no qualifying children.

 

 

How to get it?
Individuals file for the EITC when they file their 2007 Federal Taxes.

Go to www.irs.gov/eitc for free information and forms

Saver's Credit: A Tax Benefit for employees who save in a 401(k) or an individual retirement account. 

Eligibility

In order to qualify for the Saver's Credit, the following eligibility must be met:

  • 18 years of age or older

  • Not a full-time student

  • Not claimed as a dependent on someone else's return

  • Have 2007 Adjusted Gross Income (AGI) that does not exceed:
    -- $52,000 if married filing jointly
    -- $39,000 if head of household with a qualifying person
    -- $26,000 if single or married filing separately

Saver's Credit Overview
For the first $2,000 for an individual, or $4,000 for a married couple saved in the 401(k) Savings Plan or an IRA, an employee can receive a tax credit equal to 10%, 20%, or 50%.   That's between $200 and $1,000 directly off of the income taxes paid.   The actual credit allowance given is based on the taxpayer's Adjusted Gross Income and filing status.  The lower the income, the higher the credit. Be aware that the tax credit applies only as a reduction to income tax and not as cash in hand via a refund.
 
For more information about the Saver's Credit, employees may wish to read Publication 590 at www.irs.gov or consult a tax advisor.