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In the U.S., it depends on the type of refund and what's being refunded. Generally, if it's a refund of the price of something you purchased, it's not taxed, assuming the purchase was made from your income that was already taxed. If you receive a refund of state income tax, it may have to be included in your taxable income, but only if you claimed it as a portion of your itemized deductions in the previous year.
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∙ 15y ago
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∙ 14y agoyes
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What does an individual have to do to receive income tax refunds?
an individual gots to have a job ands pay some taxes...
Can state use state tax for back child support?
No, but they can take away tax refunds to pay a child support arrears. Child support is separate and for all purposes at a higher category than taxes. Money owed towards taxes will be taken by other methods, but it is easy and now legal for child support to be taken from tax refunds.
If you owe past state sales taxes can the IRS keep your refund?
Under agreements with most States, they can send (they don't keep), refunds to pay off certain obligations...state taxes, child support are the main ones.
How long do you have to be in bankruptcy before they take your taxes?
"Take your taxes"? Do you really mean "take your tax refunds, if there are any"?
What are tax refunds and how to get them?
Tax refunds are refunds that are issued to you by the government when you have paid more taxes than required. This is calculated when your income taxes are filed, and some people qualify for a refund while others may owe more money than they have already paid. Here is a more detailed explanation:
Will the bankruptcy court seize your refund if you had a child tax credit filed in March of 2005 in Mississippi?
AnswerNo, I doubt it. Taxes are different than income. You get the child tax for having kids, and refunds for overpaying on your taxes.....Taxes which you have to pay on income. It isn't like an inheritance or extra profit.
I need to file my taxes on-line.?
You can go to irs.gov and use your checking or saving account to have any refunds put directly into your account. This is free and you usually get refunds quicker.
Are IRS tax refunds taxable?
No, you already paid tax on the money you used to pay taxes, you just paid too much of it, and therefore it is not taxed again. State tax refunds, when they are used as a deduction from federal taxable income, gets the opposite result - they are federally taxable<a href="http://www.acalculator.com">.</a>
How long does tax refunds take?
I sent my taxes in june 13th 2012 when can i expect my return
Does self employeed people get tax refunds?
that depends on how they pay their tax.
Do state police pay taxes?
Yes, they pay taxes. If you work you pay taxes no exceptions.
Does the estate pay taxes?
Estates pay taxes on income and may have to pay inheritance taxes.
