answersLogoWhite

0

How do you exempt tax refunds?

Updated: 9/15/2023
User Avatar

Wiki User

15y ago

Best Answer

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.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do you exempt tax refunds?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is federal income tax refunds taxable?

No. Federal tax refunds are not taxable. In some cases, state tax refunds are taxable.


Will private student loan companies go after a cosigner if you file for bankruptcy?

Gov't backed student loans are exempt from BKruptcy....they will come after you thru tax refunds or garnishment.


Not tax exempt do i tax this?

Not tax exempt would mean that it is subject to taxes. Yes you would tax any thing that is not exempt from taxes in your business operation.


Is insulation tax exempt?

NO. Insulation material is not exempt from income tax.


Is a LC small business tax exempt?

LC business be TAX EXEMPT NO NOT POSSIBLE FOR ANY TYPE OF LC BUSINESS TO BE TAX EXEMPT.


Where can one find online info on tax refunds?

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.


When were tax-exempt MMMFs created?

Tax-exempt MMMFs debuted in 1979


Are there calculators to estimate tax refunds?

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/


Are computers tax exempt under the Virginia tax holiday?

No, only items under $100 dollars are exempt in VA's tax exempt holidays. I wish they were!


What are the IRS Tax exempt codes?

IRS tax exempt codes are codes that are given to businesses that are tax exempt. These businesses include non-profit organizations.


Which websites carry details on state tax refunds?

You can find information on state tax refunds at turbotax, or tax act websites. You can also go to the IRS website as well.


Does self employeed people get tax refunds?

that depends on how they pay their tax.