Santa’s Tax Return Revealed: How Santa Got His Max Refund with AI Tax Assist
Nearly everyone knows that each December, Santa Claus works tirelessly to bring joy to children around the world. But what many don’t know is that after the holiday season, Santa has one more important task to complete: filing his taxes.
It’s true, even the jolly man in red takes time to report taxes. After all, he’s probably the world’s most famous small business owner, running a gift-giving workshop and distribution network across the globe.
Today, Santa is giving us the first ever peek at his tax return and showing us how he used H&R Block Online and AI Tax Assist to get his maximum refund.
Santa’s stress-free filing with AI Tax Assist
Along with Mrs. Claus, Santa files his taxes jointly, ensuring they both benefit from the best possible tax outcome. Santa’s known for checking his list twice and cares about accuracy. That’s why he turned to H&R Block Online and AI Tax Assist.
Block’s online program guided Santa through each step, ensuring he didn’t miss any important details. One standout for Santa was Block’s AI Tax Assist feature, which allowed him to get answers to his one-of-a-kind tax questions in real-time.
“Ho, ho, ho! Filing my taxes has never been easier, thanks to H&R Block’s AI Tax Assist. The intuitive program and ability to ask real, conversational questions made filing as smooth as a sleigh ride on Christmas Eve. If H&R Block can handle my unique tax situation, they can handle anyone’s! Merry tax season to all, and to all a good refund!”
– Santa Claus
Learn more about AI Tax Assist.
From milk and cookies to mileage and merriment: How Santa slayed his return
Thanks to his years of experience and valuable input from elves, Santa knows A LOT. But when it comes to taxes, even Santa could use a little help navigating. Check out some of the items on Santa’s return and how they may relate to your own tax checklist.
- Who counts as a dependent? Santa’s eight tiny reindeer depend on him for food and shelter, but knowing who counts as a dependent can be tricky (animals can’t be dependents, but expenses to care for them could be business deductions). Whether you’re claiming a dependent child or relative, Block can help you understand the IRS rules for claiming a dependent.
- Gift taxes: Santa is known for his generosity and has been known for giving large gifts from time to time. But how much in gifts can you give to one person before you should report it to the IRS? Learn more about Gift taxes.
- Cookie compensation: Chocolate chip, sugar, and oatmeal cookies top the list of popular ways people tend to reward Santa each year. But as Santa isn’t an employee, compensation (even in cookie form) over the threshold may get reported to Santa on a special tax document called Form 1099-NEC.
- Claiming mileage: Santa’s sleigh travels millions of miles each year. Logging those miles is important to track throughout the year if he plans to deduct mileage, which could help reduce his tax bill. Learn more about the mileage deduction rules.
