Are you curious about the status of your tax refund? The IRS Where’s My Refund tool is your go-to resource for tracking your refund journey. To simplify the process, here’s a comprehensive guide on the most common things you’ll need when using the tool. Essential Requirements for Checking Your Tax Refund Status with IRS Where’s…
Category Archives: Tax Refunds
Understanding Tax Refunds: When Can Taxpayers Expect Their Money?
Tax season is a time of both anticipation and confusion for many individuals. While filing taxes can be a daunting task, the prospect of receiving a tax refund often brings a sense of relief and excitement. However, understanding when taxpayers can expect their refunds can be a source of uncertainty. In this blog post, we…
Why You Can Expect A Smaller IRS Tax Refund In 2023
Changes to tax rules for charitable contributions and the end of pandemic-related stimulus and credits could mean less money for you. It’s highly likely your tax refund will be smaller in 2023, the Internal Revenue Service is warning, as pandemic-era programs continue to expire. Some tax credits that boosted refund bottom lines since 2020 are…
2022 Tax Refund Schedule
We’ve based these timelines on historical data noting that most refunds will be issued by the IRS in less than 21 days after the return has been accepted. Certain things can affect the timing of your refund, including: How you sent your return – Sending your return electronically allows the IRS to process it faster than if you mail…
Still, waiting for your tax refund?
It’s been almost four months since the filing deadline for your 2020 tax return, and you haven’t gotten your refund check yet. Should you be worried? Not necessarily. What should you do? Probably nothing. What can you do? Probably nothing. Are you alone? Absolutely not. According to the Internal Revenue Service, as of Sept. 4,…
IRS Adjusted Tax Refund (What to Do When the IRS Changes Your Tax Refund Amount)
If you see that the IRS sent a notice claiming they made a change to your refund check amount, there’s no need to be alarmed. Every year, the IRS issues thousands of adjusted refund letters to taxpayers across the country. An IRS adjusted refund letter doesn’t mean you did anything wrong. Instead, it’s a simple…
Millions of Americans have already received a tax refund 2021
Millions of Americans have already received refund payments after completing their tax filing, but there are concerns that tax return processing could soon face delays. This year’s tax season is expected to be a bumper year for tax refunds and rebates with millions of Americans expecting to get money back after their filing. Those who suffered a…
Where’s my refund? How to check the status of your tax refund
Filed your taxes and expecting a refund? Here’s how to check the status and how long you may have to wait. So, you’ve been proactive and turned in your tax return already or are planning to do so shortly. How do you check the status of your refund? The IRS has a “Where’s My Refund” page on its website…
Taxpayers Should Be Aware Of Myths About Tax Refunds
Now that many taxpayers have filed their federal tax returns electronically and the IRS is back to processing paper tax returns sent by mail, they’re eager for details about their refund. When it comes to refunds, there are several common myths. Getting A Refund This Year Means There’s No Need To Adjust Withholding For 2020…
Self-Employed Individuals Tax Obligations
Who is Self-Employed? Generally, you are self-employed if any of the following apply to you. You carry on a trade or business as a sole proprietor or an independent contractor. You are a member of a partnership that carries on a trade or business. You are otherwise in business for yourself (including a part-time business) What are My Self-Employed Tax Obligations? As…