What Is a Tax Refund? The term "tax refund" refers to a reimbursement made to a taxpayer for any excess amount paid in taxes to the federal or state government. While taxpayers tend to look at a refund as a bonus or a stroke of luck, it often represents what is essentially an ...
People who work but do not make very much money can qualify for a federal tax refund called the Earned Income Credit. This refund is calculated based on how much money a person made and how many children he or she has (although you can qualify without children). You cancheck at the IRS...
When applying for financial aid through the Free Application for Federal Student Aid (FAFSA), it is prudent to retain tax returns for at least two years. The FAFSA requires applicants to provide detailed financial information including income and tax details. Government Assistance Programs For individ...
[00:00:23.84] LISA GREENE-LEWIS: Well, one thing to pay attention to is year over year, there are reasons why people might see a lower refund. And that's if you owed a state tax debt, the Treasury may do an offset of your federal taxes. What people are seeing this year is...
Comfyshoes - I agree with you. Each year that I file my federal tax return I always wonder what governmental black hole will my money be going to. I really like the idea of a flat tax based on consumption and not income. This way even tourists would be paying our taxes and more Amer...
The year of the tax return you want to look up What type of tax return it is (individual, corporation, etc.) Your last name, zip code, and Social Security number We can also help you track your federal tax refund and determine its status, as well as your state tax refund depending ...
The federal income tax system is progressive, which means that tax rates go up the greater taxable income you have. The term "tax bracket" refers to the income ranges with differing tax rates applied to each range. When figuring out what tax bracket you
File your state tax return(s) with your federal tax return - sign up free and start now. Questions about your state return or refund? Contact us here. Taxwork LLC All Rights Reserved: All information contained herein is, and remains the property of Taxwork LLC and eFile.com. The intellec...
I received retirement money in 2012. They took 2200,00 dollars in taxes. I have a 1099 form to submit with my tax return. Am I entitled to a refund on these taxes? Bylaluna— On Nov 20, 2009 I think it makes much more sense to adjust the deductions to the point where the withhold...
He added, "I believe this year the average refund again will be thousands of dollars." Here's what to know about the 2024 tax season before you file. When is the 2024 tax filing season? The IRS started accepting tax returns onJanuary 29, and will continue to accept federal tax returns...