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Tax refund as down payment

Updated: 9/15/2023
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15y ago

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If you are so hard up for cash that you are resorting to using tax refunds as down payments, maybe you should just stop and think about things. It's time to stop buying stuff on credit. You can't afford it. Use the refund to pay off your bills or start an emergency fund.

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15y ago
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Related questions

Which is not considered an entitlement payment?

income tax refund


If you already have a payment arrangement with the IRS will they take your refund?

Yes, if you already have a payment arrangement with the IRS but have a refund due, they will take the refund. If you have a balance due, they will apply your tax refund to this balance.


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all of these payment of a bill expense reinbursment an income tax refund


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When your first tax payment was not timely deposited you made a second payment As they were both deposited this past week how do you go about getting a refund?

If this is a federal income tax payment, call 1-800-829-1040. If it is some other kind of tax payment, call the agency that administers the tax.


Can the housing tax credit be used for down payment?

You can't apply for the credit until after you have closed on the home. So you would have to find someone to lend you the money for several months until you got your tax refund.


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Will you get the refund even if you had no taxable income after all the tax credits?

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