Lisa Greene-Lewis is here, TurboTax expert and CPA, to explain to us. I mean, refunds are almost like becoming an expected thing that you get in the mail. And now we're saying, maybe not so much this year. What's going on?
What is adjusted gross income? Your adjusted gross income (AGI) is used to calculate your state taxes and qualify for loans. Calculating your AGI is easier than you might think, and the IRS offers a simple online tool. If you need to find your AGI to fil
(And let me tell you – afterjust maxing out our Roth IRAsyesterday, it’s a LOT more fun using your “free” tax money than it is your “normal” money, haha… I felt the sting hard this time!) So if you’re not one of those “I don’t give the government a free loan” ty...
How Much Is Inflation Costing You? Calculate how your buying power has changed over the years. Maryalene LaPonsieJan. 23, 2025 What to Do if You Fall Behind on Bills The most important thing you should do is stay in touch with your creditors and prioritize your payments. ...
However, the IRS cautions that isn't guaranteed, noting that some returns may take more time to review. The IRS said the best way to check the status of your refund is to visitWhere's My Refund?on IRS.gov or theIRS2Goapp.
Show the tax withheld on Form 1099, and Withhold tax at a rate of 24%, if any of these apply: You don’t provide the payer with your tax identification number, like your Social Security number (SSN). The Taxpayer Identification Number (TIN) you provide is incorrect. The IRS notifies th...
The IRS provides a withholding calculator to help you determine how to fill out the W-4 form with your employer. Your goal is to maximize the amount of money you take home every month and end up with a tax return of about $500 or less at the end of the year. That small return pro...
Said Alev: “Life is short; we want to reward ourselves. And we see a diverse set of responses [with tax refunds]. Our best tip is to use that refund to get your financial life on track. At the treetop, that’s what we’re seeing and advising.” ...
How to Prevent Refunds Being Sent to Closed Bank Accounts in the Future Conclusion Introduction Receiving a tax refund from the Internal Revenue Service (IRS) is often a welcomed financial boost for many individuals and families. However, what happens if the IRS sends a refund to a closed bank...
Another surprising reason you might get a tax refund is that you've beenaudited. "We actually are able to correct people’s accounts all the time," saysAlyssa Maloof Whatley, a tax attorney who specializes in disputes with the IRS. "It’s not like every audit will end in someone owing ...