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When do you receive income tax?

Updated: 9/15/2023
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15y ago

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Income tax isn't recieved, it is paid. If you over pay, and a you file a return properly, you will get the overpayment refunded....but you will still have paid an amount. Returns aren't payments. They are forms reporting the financial affairs for the entire year of the person filing. The payment of the money - the tax - has already been done by payroll withholding or estimated quarterly payments in the year being reported...in this case in 2008, while the return is filed in 2009. If the amount paid in through 2008 was too high a refund is sent (which may also include types of benefit payments for the poor). If not enough was paid in, the extra is paid with the return. When any of that happens depends a lot on your actions, your payments vs actual tax due, your filing of a return and refund request (and how accurate it is, complex it is, supported it is, if electronic or not, etc., etc). Sometimes I wonder what people could possibly be thinking.

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15y ago
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Q: When do you receive income tax?
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Related questions

When filing for the state income taxes do you receive your federal income tax refund as well as your state income tax refund?

No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.


How long do you have to be employed to receive income tax?

One generally does not receive income tax. You don't even have to be employed. Just have income. And having no income can also be a reason to file.


What is an income tax refund?

An income tax refund is money that you receive back from the government from all the withheld taxes that were on your employment income. You usually receive this money through your bank or in the mail.


When you file your federal income tax return do also get to receive the state income tax refund as well?

yes you do


Can you receive tax refund if you have no income?

no you may not If you have no earned income, you would not qualify for the earned income credit.


Ihow soon will I receive my income tax return?

soon


Will i receive a tax return check if i have no income and claim a child?

No. Qualifying earned income is required. Income that you work for.


An amount of income that is not included in your gross income is known as what?

Income tax exempt INTEREST INCOME but the amount that is exempt from income tax does have to be reported on your income tax return and is used in the calculations to determine if any amount of any social security benefits that you receive will become taxable income on your 1040 income tax return.


If you receive a 1099-c in 2010 are you required to report it on your 2009 tax forms?

Yes when is for income that you earned in the tax year 2009 that is the tax year income tax return that it HAS to be reported on.


When will you receive the forms to file your income tax?

March ? next tax year is April 2011


CanI receive income tax with 2 kids and no income?

No. As the name implies, income tax and any credits that may go with it is based on some form of income, and in most cases, earned income.


How long does it take to receive an income tax return?

It usually takes two to four weeks to receive your income tax return after your taxes have been filed. This can vary greatly though, depending on how you file.