Most tax returns today are processed within three weeks, with many filers receiving their refunds even sooner. Simple errors or oversights can lead to a delay of your tax refund.
If you invest in Treasury bonds, you will receive a 1099-INT form from the Department of Treasury. You will have to pay your marginal federal income tax rate on the income. Thankfully, you will not have to pay state or local taxes on the income. If you buy a Treasury bond at a dis...
And now we're saying, maybe not so much this year. What's going on? [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 m...
If your business is structured as a sole proprietorship, you wouldn’t receive any Section 199a deduction because you earn too much to qualify. If you instead have an S-Corp, you’d be eligible to receive a Section 199a deduction on 50% of the W-2 wages paid by your business. So if...
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LISA GREENE-LEWIS: Right, the IRS also issued a new letter that they sent out that you should have had by January as well, and that's letter 6475, and that will report the correct amount of the third stimulus you received. So you want to enter that you did receive that, so t...