No, only the state or federal government and affiliated agency's (like banks holding unpaid student loans) can seize your tax refund. If you put that refund in a bank then it is fair game at that point.
Most definitely.
No. Federal tax refunds are not taxable. In some cases, state tax refunds are taxable.
If your tax witheld is larger than the tax due, you receive a refund
Exempt them from tax? Federal refunds were paid with after tax $ and aren't taxable..but they are reported. State ones are, as you got a deduction for them when paid. There is no option to exempt them.
There are plenty of aids to assist you in calculating your tax refunds. This one should suit you perfectly: http://www.1040.com/tax-tools/tax-estimator/
Most definitely.
No. Federal tax refunds are not taxable. In some cases, state tax refunds are taxable.
The answer to this question depends on what state you live in. Laws differ from state to state. In South Carolina, however, any state operated hospital does have the right and will keep state tax refunds in order to satisfy an unpaid hospital bill. The state will notify a person in advance via a letter.
It is unlikely that a tax refund would be garnished for past due medical bills. Generally refunds can only be garnished for certain things, and medical bills really aren't one. Tax refunds are garnished in instances of: child support arrearages past due federal tax past due state income tax unpaid federal student loans government program repayments However, if you deposit it into an account that they have the right to garnish, the funds lose their identity as a tax refund.
If your tax witheld is larger than the tax due, you receive a refund
One can find online info on tax refunds on websites such as Turbo Tax, Canada Online, Kiwi Refunds, Tax Payer Service Center and many others as well. It can be easily found on government websites.
Exempt them from tax? Federal refunds were paid with after tax $ and aren't taxable..but they are reported. State ones are, as you got a deduction for them when paid. There is no option to exempt them.
There are plenty of aids to assist you in calculating your tax refunds. This one should suit you perfectly: http://www.1040.com/tax-tools/tax-estimator/
You can find information on state tax refunds at turbotax, or tax act websites. You can also go to the IRS website as well.
that depends on how they pay their tax.
No.
TurboTax uses Bank of America for the deposit of tax refunds. Your tax refund is deposited in a Bank of America account and then transferred to your personal account.