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Married couples can take advantage of this great tip for filing taxes. If you want to have a direct deposit of your tax refund, then you should try to get the deposit broken down into multiple accounts. For married couples, this is a great way to split up a tax refund and make sure each spouse gets his or her share. You should make sure ahead of time that a bank will accept a tax refund that has been split up. Some banks refuse to split up a tax refund into multiple accounts. You need to be sure of this before taking advantage of this option.
What else can I help you with?
Get a Tax Refund Card?
There are many Americans who do not have a bank account. If you do not have a bank account and want to receive your tax refund, then you may be able to get a tax refund card. After you file a 1040 tax form online, there are plenty of companies that are willing to offer tax refund cards to individuals without bank accounts. The only problem with these cards is that they can sometimes be rather expensive. A tax refund card can charge high fees. However, a tax refund card is often a better alternative for people than a loan.
Why did my tax refund decrease after adding another W2?
Your tax refund may have decreased after adding another W2 because having multiple jobs can increase your total income, which may push you into a higher tax bracket and result in a higher tax liability. This can reduce the amount of refund you receive.
Why did my tax refund drop when I added a second W-2?
Your tax refund may have dropped when you added a second W-2 because having multiple jobs can increase your overall income, pushing you into a higher tax bracket and reducing the amount of refund you are eligible for.
Is it legal to have multiple bank accounts?
Yes, it is perfectly legal to have multiple bank accounts as long as you declare all of them and the income earned through interest from those banks in your yearly tax return statements and filings. The income tax department does not prohibit you from having multiple accounts but prohibits you from hiding/not disclosing them during your annual tax returns.
Why did my tax refund decrease when I added another W-2?
Your tax refund decreased when you added another W-2 because having multiple jobs can increase your total income, which may push you into a higher tax bracket and result in a higher tax liability. This can lead to a smaller refund or even a balance owed to the IRS.
How do you refund service tax paid by contractor?
To refund service tax paid by a contractor, the contractor must file a refund application with the relevant tax authority, usually including details such as the service tax payment, invoices, and proof of payment. The application should be submitted within the stipulated time frame, often within one year from the payment date. Supporting documents must be attached, and the authority will review the application before issuing the refund if all conditions are met. It's essential to ensure compliance with any specific regulations or guidelines set by the tax authority for a successful refund.
With a judgment lien can a tax refund and bank accounts be garnished?
If the judgment is for state or federal taxes then any refund is subject to seizure by the agency holding the judgment. If it is a creditor judgment, a tax refund would only be subject to attachment if it were placed in a bank account that was being levied by the judgment creditor.
Where can I find a tax refund schedule online?
A tax refund schedule can be found online at various different site. Some of these include http://www.irs.com/2011-federal-tax-refund-schedule/ as well as http://www.efile.com/tax-refund/where-is-my-refund/. where is my refund
How can I maximize my tax refund by utilizing multiple W-2 forms?
You can maximize your tax refund by combining multiple W-2 forms to ensure all your income is reported accurately and taking advantage of any deductions or credits you qualify for. Be sure to file your taxes correctly and seek help from a tax professional if needed.
What happens when your income tax refund is garnished for debt?
So you were expecting a tax refund from the IRS after you filed a tax return. Insteasd of getting your refund, the IRS sent you a letter saying that your refund was used (garnished) to satisfy your back tax debt. What is going on? This means that you have a back tax liablility with the IRS and the IRS will take your refund to satidfy that debt. If you got your refund check garnished and you were unaware you owed the IRS, you need to take care of this situation fast. The IRS can start enforced collections against you and go as far as garnishment of your pay and levy your bank accounts. You can find out more at wallysworldoftaxes.blogspot.com.
Where can I find the Newark Airport tax refund desk for processing my tax refund?
You can find the Newark Airport tax refund desk for processing your tax refund in the international terminal after passing through security.
Where could I find out about a tax refund loan?
A tax refund loan is a loan that is provided to you until you receive your tax refund. You can pursue this option if you have done your taxes and are expecting a refund.
