The IRS web site shows recent averages, $2,913 in 2011, for example but the average is meaningless. To start with people who would get a small refund don't bother because it will cost more to have a tax professional help them with the confusing tangle of forms and details than they'll get back. The tax code makes many distinctions and its unlikely two people with the same earnings pay the same tax even if their general situations appear identical and otherwise quite average.
No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.
You can file a federal tax return and get a refund regardless of the status of your state taxes. If you owe overdue taxes to the state and they have gotten around to it, the state can intercept your federal refund. So, your refund might go to paying your overdue state taxes instead of being sent to you. But unless you file a federal tax return, no refund will be generated and your state taxes will not be paid.
Yes. State refund must be claimed as income on your federal return.
You qualify for a federal tax refund if you have reached the tax reporting threshold and filed for income taxes. The tax reporting threshold varies depending on your age and marital status.
No. The IRS will take an income tax refund for back federal or state taxes, unpaid child support or alimony, student loans in default, and any unpaid federal or government debt.
No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.
You can file a federal tax return and get a refund regardless of the status of your state taxes. If you owe overdue taxes to the state and they have gotten around to it, the state can intercept your federal refund. So, your refund might go to paying your overdue state taxes instead of being sent to you. But unless you file a federal tax return, no refund will be generated and your state taxes will not be paid.
Yes. State refund must be claimed as income on your federal return.
You qualify for a federal tax refund if you have reached the tax reporting threshold and filed for income taxes. The tax reporting threshold varies depending on your age and marital status.
The federal government might not have 'refund' your tax because you did not fill out the forms properly, you did not remember to file your income taxes, or they got lost in the mail.
No. The IRS will take an income tax refund for back federal or state taxes, unpaid child support or alimony, student loans in default, and any unpaid federal or government debt.
No. But if you live in one of the states that allows a state deduction for federal taxes and you took such a deduction, you may have to claim it on your state return.
You can't get a tax refund if no taxes were deducted for the year in question.
Residents of all states pay federal taxes. Texas does not have a state income tax. If you lived in a different state and worked in Texas, you still have to pay state tax in the state you lived in. If you don't owe any federal tax, your tax professional will file a tax return to the federal government which will get you a refund.
Any refund due you in a future year will be applied against the amount you owe. Therefore, you may not get all of your refund if you owe certain past-due amounts, such as federal tax, state tax, a student loan, or child support. The IRS will automatically apply the refund to the taxes owed. If the refund does not take care of the tax debt you must continue the installment agreement.
I believe that the IRS has specific dates called the IRS Tax Refund dates for your federal IRS tax refund money. On the other hand, if you file your taxes electronically, you can receive your tax refund in as little as 10 days after filing electronically, according to the IRS.
Yes, as long as your refund amount is more than your present or past tax liability.