This can depend on the person as each and every person is quite different as the world itself is also unique. Therefore this cannot be answered since it depends on the person as people are all unique on this unique planet.
Yes
If you took the amount as a deduction as State taxes on your federal return originally (say refund is from a prior year), then getting it back now is reported as income.
Any refund due you in a future year will be applied against the amount you owe. Therefore, you may not get all of your refund if you owe certain past-due amounts, such as federal tax, state tax, a student loan, or child support. The IRS will automatically apply the refund to the taxes owed. If the refund does not take care of the tax debt you must continue the installment agreement.
Go to the IRS web site and on the site is a link to the page to check on the refund. You will need your social security number, the exact amount of refund, and filing status.
It is not difficult for a person to find the status on their federal or state income tax refund. The federal income tax refund status is located on the IRS website. Most states also offer status updates on tax refunds on the state's website or the state treasurer's website.
Yes this is possible
Yes
Yes, as long as your refund amount is more than your present or past tax liability.
If you took the amount as a deduction as State taxes on your federal return originally (say refund is from a prior year), then getting it back now is reported as income.
Any refund due you in a future year will be applied against the amount you owe. Therefore, you may not get all of your refund if you owe certain past-due amounts, such as federal tax, state tax, a student loan, or child support. The IRS will automatically apply the refund to the taxes owed. If the refund does not take care of the tax debt you must continue the installment agreement.
Go to the IRS web site and on the site is a link to the page to check on the refund. You will need your social security number, the exact amount of refund, and filing status.
There is no maximum refund. If you overpaid your federal taxes, you'll get a refund for the overpayment no matter how much it is.
It is not difficult for a person to find the status on their federal or state income tax refund. The federal income tax refund status is located on the IRS website. Most states also offer status updates on tax refunds on the state's website or the state treasurer's website.
Generally it depends on the type of BK when or if it has been discharged, the amount of the refund, and if it is a federal or state bankruptcy filing. As a rule at least a portion of the refund will be taken by the trustee, more likely the entire amount is subject to relinquishment.
The tax credit amount does not have any affect on your AGI nor on your taxable income amount. Your federal income tax liability if any will be reduced by up to the 8000 of your FTHBTC. If your federal income liability is less than the 8000 amount then you will receive a refund of the amount that is left. The 8000 FTHBTC is a refundable credit and if you do not have any federal income tax liability you will receive the 8000 amount as a refund.
You do not pay taxes on a federal tax refund from the IRS unless they sent your refund late and paid you interest on the amount due to you. You would have received a 1099 from the IRS which shows the interest paid to you.
Im never refund federal tax, like a boss.