Wondering if you'll get a tax refund, how long you'll have to wait and how to maximize it? Find all the answers right here.
6. Joint return test.A child that is married and files a joint return generally isn’t a qualifying child. However, a child can still qualify if they file a joint return if it’s only filed to claim a refund for withheld taxes or estimated tax payments. 7. Citizenship test.A child ge...
The self-employment tax rate is 15.3%. That includes 12.4% for Social Security and 2.9% for Medicare. You’ll owe an additional 0.9% Medicare tax if your total wages, compensation, and self-employment income for the year exceed $250,000 for joint filers, $125,000 for married people...
has a pretty good idea about what you owe in taxes. But, come tax day, you still have to file a return, factoring in personal circumstances and claiming deductions. Then, the IRS decides if they've withheld too much of your income in tax, earning a refund, or too little, requiring ad...
Lastly, be on the look-out for those companies that do not offer a refund or a money-back guarantee. Any reputable service that cares about helping their clients (rather than taking their money) will have some sort of refund policy or money-back clause in their agreement. Where Can I Fin...
“For most of my clients, the refunds of higher amounts have not yet been processed. However, those demanding a refund below Rs 10,000 have already been processed.” agreeing on the ongoing thing CA Mehul Sheth. The information submitted by you has been disguised from the details which are...
The address marked the first time Polis had explicitly proposed using TABOR-refund dollars — which come out of state revenue surpluses — to lower the income-tax rate as part of his push to eliminate the state’s income tax altogether.…Discussing tax reform during his address, Polis said,...
e-File Your Taxes by the Tax Day Deadline, Usually on or Around April 15. File and Pay if You Owe or Claim Your Refund Now.
As seen from the return of income filed by you, credit for TDS has been claimed but the corresponding receipts/income have been omitted to be offered for taxation. Hence, your return has been processed with restriction of TDS Credit. Due to the result of TDS credit restriction, Refund reduce...
shall be set off under this regulation unless —(a) a written application for refund or set ...