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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:
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Is federal income tax refunds taxable?
No. Federal tax refunds are not taxable. In some cases, state tax refunds are taxable.
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.
How do you exempt tax refunds?
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.
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/
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.
Can a landlord garnish income tax refunds?
No.
What bank does TurboTax use for refunds?
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.
Who does the IRS allow to put liens on tax refunds?
Governments
Can tax refunds be garnished for hospital bills?
Most definitely.
Can homeless people get tax refunds?
If they paid taxes, they can file a tax return and, provided they are eligible, receive a tax refund.
Does bank of America issue refundo checks for tax refunds?
yes
