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Is your tax refund of last year taxed?
You do not pay taxes on a federal tax refund from the IRS unless they sent your refund late and paid you interest on the amount due to you. You would have received a 1099 from the IRS which shows the interest paid to you.
Are federal tax refunds less in 2010?
Even though this was a small sample size in the last few weeks, I notice my clients in San Jose have a higher tax refund than last year. Note: The size of a federal tax refund can be affected from a number of things. Most importantly it is due to the amount of income made and amount withheld.
If you only made 2800 last year will you get an income tax check?
This could be possible if you complete your 1040 federal income tax return correctly and IF you qualify for any of the credits as a refund amount.
If you owe the IRS can you still get a refund?
No not if you are in the FMS offset refund program and your expected refund amount is less than the amount that is owed to the IRS.
If you overpaid state tax by making estimated payments is your state tax refund taxable?
Some of the refund amount could be taxable if you itemized deduction in the year and claimed the estimated tax payments as a part of your itemized deduction for that year.
Is your tax refund of last year taxed?
You do not pay taxes on a federal tax refund from the IRS unless they sent your refund late and paid you interest on the amount due to you. You would have received a 1099 from the IRS which shows the interest paid to you.
Are federal tax refunds less in 2010?
Even though this was a small sample size in the last few weeks, I notice my clients in San Jose have a higher tax refund than last year. Note: The size of a federal tax refund can be affected from a number of things. Most importantly it is due to the amount of income made and amount withheld.
I haven't filed my taxes for 3 years. do I loose the child tax benefit for those past years or will I get a refund for them?
You should file your income tax returns if you qualify for any of the refund amounts and see what happens. You can file for a refund up to 3 years from the due date of the tax return and receive the amount of the refund that you qualify for after that period of time the refund is no longer available to you. For the 2006 tax year income tax return the last day to file and receive the refund amount would have been April 15 2010.
How can you determine how much your state income tax refund was last year in Arizona?
5463
If you had to pay a notice of assessment or bill for your tax refund last year do you still get any money?
I might not understand your question completely correctly, but I'll try my best. If you received a bill for last year and you paid it off completely, there would not be any reason to hold back this year's tax refund. That assumes that you are entitled to a tax refund this year, of course. The reason that you get a tax refund every year is because you have more taxes withheld from your paycheck each week than is required. You could get a larger paycheck each week instead of a tax refund if you properly completed Form W-4 which you give to your employer. On the other hand, if you did not pay the bill from last year, then some or all of this year's refund will be retained to help pay your debt. If you just recently paid this bill off, it may be possible that your payment hasn't registered in the system yet and your refund will be delayed. If you have paid the bill from last year and they are still holding your refund, contact the IRS at the number given on the notice they sent you.
If you only made 2800 last year will you get an income tax check?
This could be possible if you complete your 1040 federal income tax return correctly and IF you qualify for any of the credits as a refund amount.
If you owe the IRS can you still get a refund?
No not if you are in the FMS offset refund program and your expected refund amount is less than the amount that is owed to the IRS.
If I owed the army money for the last 2 years and they taken your income tax how do you know if they will take it this year?
They will probably send you a letter as soon as the refund is turned over to them. Their letter will show what amount was applied to your balance and the new balance due if any. If you still owe them money after this refund is applied them you can bet that they will take at least part of your refund this year as well. They will not take any more than the balance plus interest.
Can the your income tax refund be garnished?
I had a car that was financed through HSBC repossessed last year. It was repossessed. Can HSBC take my federal income tax refund for this repossession?
Will you get a refund if your federal tax refund amount is larger than the amount of a delinquent student loan?
Yes this is possible
After being discharged from the bankruptcy are you entitled to the upcoming year's tax refund if any?
Generally tax refunds are pro-rated using the number of months between the BK filing and the tax refund as a guideline, in some BK's it also depends upon the amount of the refund. The entire refund amount is seldom seized by the trustee unless the filer exceeds the exception amount established as the "wild card" or other allowable income.
If you overpaid state tax by making estimated payments is your state tax refund taxable?
Some of the refund amount could be taxable if you itemized deduction in the year and claimed the estimated tax payments as a part of your itemized deduction for that year.
