H&R Block Lures College Students With $10 In "Pizza Cash"
Kevin sent in this ad for H&R Block trying to market to college kids by giving them $10 in "pizza cash" if you file through H&R Block. This sounds tasty, except that due to their low income, most college kids won't have to pay any taxes and it's pretty easy to do with FreeFile through the IRS.gov website, for free, natch. But file through H&R Block and you'll probably be paying at least $60. So, you could buy yourself $10 of pizza, or pay $50+ for H&R Block pizza. They still teach math in college, right?
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Comments:
@Televiper: Dood same for me. I just hope they paid the poor schmuck in the picture more that $10 in pizza cash for that horrible photo.
I had a similar thought on my first tax form though I've changed my mind a bit. It can get a bit rough if you have shares that undergo an aquisition which pays out a some and gives you the rest in shares. Any transaction that is less than straight forward on the gains end tends to be somewhat complicated and if you had more than a couple of these in a year I could see not wanting to deal with it.
Fact is though, if you have a fairly straight forward income (wages, interest, capital gains on simple transactions) it isn't that hard. On the other hand if you are dealing with more complex transactions it may well be worth your while to go to a tax preparer.
@Televiper: Taxes range from the easy to the ridiculously complicated. If you don't itemize and simply take the standard deduction it's pretty easy. If you have several sources of income, and many types of deductions etc it can be a nightmare well worth paying a qualified tax expert. Which exculdes a lot of the H+R Block people.
And most colleges offer free tax prep anyway... at least mine does
But for a student like myself, I have alot of taxation through investments, and alot of writeoffs through giving to my church and business writeoffs... so I just pay $30 and get it done.
Big deal, a business advertises... what else should they do, they're out to make money.
Also, the irony in this section of the article is rich:
"But file through H&R Block and you'll probably be paying at least $60. So, you could buy yourself $10 of pizza, or pay $50+ for H&R Block pizza. They still teach math in college, right?"
"At least $60" means $60+, not $50+...you don't deduct the $10 worth of pizza. (Unless you want to say $50+ extra.)
Why anyone goes to H&R Block is still one of those great mysteries to me.
If you are in a position where your taxes are complicated enough that you can't do them yourself pony up the money and pay a professional. Thats not a person that took a weekend class and is using effectively the same software you can free online.
When I was working at Sears (whole 'nother mystery) I was reading through some of their stuff when they were setting up. The intrest rates on the refund anticipation loans are down right criminal. I'm surprised they aren't covered under loan sharking laws. On top of that we would take another percentage when we cashed the check.
That's a given. Naturally, there are circumstances where income tax gets considerably complicated. But, I doubt this is the case for the average student.
@Christy: That's what I was thinking. I remember H&R Block waiving filing fees if your AGI was less than a certain amount. This was a couple yrs ago - I just checked their website, but couldn't find anything on that though.
@tande: I'd wondered the same thing until a few years ago I walked past an H&R Block set up in a mall for tax season. The people who were lined up, well lets just say they didn't appear to be Nobel Laureates. It's the same folks who go out and invest their refund in scratch off lottery tickets.
@tande: Yeah, but what if you can't afford the CPA's in the area, and you've worked in 3 different states in the past year?
H&R Block seems like the best offer for me. $50 Bucks is much better than the $200 that the CPA's charge. And with the different state tax laws than I'm used to, what else am I supposed to do?@tande:
@Craig: Where are you getting your math from?
Me buying pizza: $10
Me buying "H&R Block pizza": $60 fee - $10 coupon = $50
@theblackdog: I don't know the direct link to HRB's freefile page, but it should show up on the IRS website's list in a week or two.
@SaveMeJeebus: The current plan is to keep offering RALs afaik, but the IRS may stop that.
I'd hope some college students would have a bit invested in stocks/mutual funds...however if they do they might do well to seek out a tax preparer (not necessarily H&R block, there are better, cheaper independnt preparers out there) to ensure they are doing things correctly and good preparer can save you a lot of money.












if your dumb enough to do that, you deserve it and you should go to a better college