Well, you’ll be happy to know that most collection agencies aren’t able to claim your tax refund directly from the IRS. There are only four types of debt for which the federal government will withhold your tax refund or send it to one of your creditors. These debts incl...
Another common reason why refund payments are actually lower than expected or provided by their e-filing tax provider is that the federal government (via the IRS) has “offset” or deducted monies from your actual tax refund to cover debts you owe other federal agencies. The Department of Trea...
it never hurts to have a little something extra come your way. As tax season goes into full swing, you may be excited about the possibility of receiving a sizable tax refund. In 2023, for example, the average refund totaled $3,167,according to the IRS. ...
The timeline to receive your return may vary depending on whether the IRS is backed up or if they need further documentation from you. There are also a variety of other reasons why your refund might be delayed. When claiming your refund, you may want to double-check that the a...
2024 Tax Refund Dates (2023 Tax Year) Note:The IRS e-File open date is Jan. 29, 2024. The IRS will accept and process returns through April 15, 2024. Below is an estimated refund date chart based on information from the IRS.
The IRS has received some 44 million returns so far for tax year 2023, and is issuing an average refund of $3,213,the agency says. Having filed my return and received my refund, I think it’s safe to say I’m dragging the average down. My federal refund this year wa...
How to track the status of your federal tax refund and state tax refund in 2024 — plus tips about timing.
Tax refund advance loans are short-term loans that are repaid through your upcoming IRS tax refund. Loans are usually offered from December through February, and amounts can range from $100 to $6,500. In most cases, the loan amount is deducted from the tax refund once it’s issued. So...
Many tax payers are seeing the following startling messages on WMR or IRS2Go when they go to check the status of their refund. Naturally their reaction is one of shock, followed by frustration and anger. These notifications are to inform tax filers about
“IRS Provides Tax Inflation Adjustments for Tax Year 2023." Internal Revenue Service. “American Opportunity Tax Credit.” HealthCare.gov. “Premium Tax Credit.” Internal Revenue Service. “Topic No. 152 Refund Information.” Accessed Jan. 6, 2022. Internal Revenue Service. “When to Expect ...