answersLogoWhite

0


Best Answer

No. The money that the person gets back for the tax refund is kind of a repayment for things that they have already done to support the dependent. It isn't money that belongs to the dependent.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Does a claimer of a dependent have to give money to the dependent from tax refund?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

What is refund?

If you buy something and you need to send it back for some reason they will give you your money back. This is a refund.


What is meant by refund?

To refund is to give back the payment made, usually due to a cancelled order or unsatisfactory service and/or returning of a money guarantee as part of a payment deal.


Why can a trustee take your income tax return if you are filing a chapter 7 bankruptcy which relieves you of your debt and does the trustee give the money to the creditors?

The trustee may take the refund and distribute it to creditors because a tax refund is not considered an exempted asset under bankruptcy laws.


Is there a number to trace your tax refund?

The IRS website has an online tool that you can use to check the status of your refund. See the related link. You can also call the IRS at 1-800-829-1040 to speak with a customer service representative who can give you information about the status of the refund.


What happens when you get a Rapid Refund from say HR Block. Is that classified as a direct deposit or a check-by-mail?

HR Block will first lend you an amount equal to your anticipated refund minus fees. It will give you this loan in the form of a check or a prepaid debit card. You will sign a piece of paper authorizing HR Block (or its bank) to open a bank account in your name and you will give them power of attorney to make withdrawals from the bank account. HR Block will put down on your tax return that you want your refund direct deposited into the bank account that you just authorized them to open. The IRS will direct deposit your refund into the bank account. HR Block (or its bank) will then immediately withdraw your refund from the bank account and use the money to repay the loan they gave you earlier. If, for any reason, the IRS does not direct deposit your refund into the bank account or deposits less than expected, then HR Block (or its bank) will pursue you directly to repay the loan.

Related questions

What is refund?

If you buy something and you need to send it back for some reason they will give you your money back. This is a refund.


You lost a money order but have the receipt can you get a refund for the money order?

yes you can, go with the receipt to the place you bought it and they gonna give you your refund :D


Can you request refund of attorney fees if unsatisfied?

Yes, you can request a refund from an attorney. Most attorneys will not give you a full refund, but may give you a partial refund. If some of the money was for filing fees, you won't be entitled to receive those back.


Do you get refund if you cancel auto insurance?

In most states, companies are required by law to give you a pro rata refund, that is give your money back for the time remaining on your policy.


What is the definition of refund?

It is just 'to repay' or 'to give back' or 'to return money paid'


What is meant by refund?

To refund is to give back the payment made, usually due to a cancelled order or unsatisfactory service and/or returning of a money guarantee as part of a payment deal.


How can you find money that you had in an old bank account from many years ago?

if you have had money in an old bank account and can no longer find it, try talking tot eh bank and asking about a refund. if they refuse to give you a refund and you are certain and have proof that you had the money, hire a lawyer.


When you pay more than you owe in taxes and the IRS gives you money backwhat is that money called?

A tax refund or tax rebate is a refund on taxes. When your tax liability (the amount of tax you owe) is less than the amount of taxes paid or taken out of your paycheck, the IRS will give you a tax refund once your return is filed.


Do i have to give a refund?

yes


How do you get a Bershka refund?

Go up to them and give them your receipt ..Stay there if they don't give you a refund your entitled of these remedy credit note or a refund , or just go looking for a ombudsman.


What is one question you might want to ask before donating money to charity?

Will you give me a refund if you don't say thankyou to me for my donation


Can you sue a store for not giving you all your refund money?

Only if there is a breach of terms. If their policy clearly dictates a "Restocking Fee," then no. But if their terms guarantee (especially if they actually say "guarantee") a full refund, and they still only give you part of the refund without any explanation, then yes.