RefundtalkIn today’s world of electronic streamlining and technological advances, there is an app for everything. And thanks to a forward thinking team at the IRS, the IRS now has one too. In fact, many users agree that utilizing the new IRS2Go App allows for a less challenging tax season experience. If you are one of…
Category Archives: Tax Refunds
The IRS Will Pay Interest on Your Delayed Tax Refund
Some taxpayers have good news and a deposit on the way: The Treasury Department and IRS are sending refund interest payments to about 13.9 million individual taxpayers who filed their 2019 federal income tax returns on time. What is refund interest? The IRS is generally required to add interest to any refunds issued more than…
Tax Refund Timing for Earned Income Tax Credit and Additional Child Tax Credit Filers
Taxpayers who claim the Earned Income Tax Credit or the Additional Child Tax Credit may experience a refund hold. According to the Protecting Americans from Tax Hikes (PATH) Act, the IRS cannot issue these refunds before mid-February. The IRS expects the first EITC/ACTC-related refunds to be available in taxpayer bank accounts or on debit cards…
Refund Hold
The IRS issues more than 9 out of 10 refunds in less than 21 days. However, it’s possible your tax return may require to be held for an additional review and take longer. Where’s My Refund? has the most up to date information available about your refund. The tool is updated daily so you don’t need…
Here’s what to know about getting a Tax Refund
Even though the IRS issues most refunds in less than 21 days, it’s possible a taxpayer’s refund may take longer. Several factors can affect the timing of a taxpayer’s refund after the IRS receives their tax return. Here are a few things taxpayers should keep in mind if they are waiting on their refund but…
How to Check IRS Tax Refund Status
If your federal return has already been filed and you are due a refund, you can check the status of your refund online. “Where’s My Refund?” is an interactive tool on the IRS website at IRS.gov. Whether you have opted for direct deposit into one account, split your refund among several accounts, or asked the…
Important things to know about tax refunds
As the tax-filing season approaches, the Internal Revenue Service cautions taxpayers not to rely on receiving their refund by a certain date, especially when making major purchases or paying bills. Some tax returns may require additional review and those refunds may take longer. Many factors affect refund timingJust as each tax return is unique and…
Tax Refund | Frequently Asked Questions
Everyone has a responsibility to pay his or her taxes each and every year. There are severe penalties imposed by the IRS if you avoid or neglect a tax filing submission, and you don’t want to make life chaotic for yourself. The solution, then, is simple, and it furthermore requires you to stay on top…
Tax Refund Frequently Asked Questions
How quickly will I get my refund? The IRS issue most refunds in less than 21 calendar days. I’m counting on my refund for something important. Can I expect to receive it in 21 days? Many different factors can affect the timing of your refund after the IRS receives your return. Even though they issue…
Why You Shouldn’t Consider Your Tax Refund as ‘Free Money’
A tax refund is the amount refunded if the tax paid exceeds the tax liability. In other words, if you qualify for a tax return, you will get back the excess amount paid as taxes in the previous year. Employers withhold taxes, per the W-4 form. If the amount withheld is in excess of the…
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