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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.
What else can I help you with?
Is federal income tax refunds taxable?
No. Federal tax refunds are not taxable. In some cases, state tax refunds are taxable.
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.
Which income tax refund comes first federal or state in New York?
In New York, the timing of income tax refunds can vary, but generally, federal tax refunds are processed and issued before state tax refunds. The IRS typically issues federal refunds within 21 days of filing, while New York State may take longer, often several weeks to a few months, depending on various factors. Therefore, taxpayers can usually expect to receive their federal refund first.
Why are your state tax refunds taking so long to get back?
why is my federal tax check taking so long
Do you have to report federal tax refunds as income?
No. Refunds are portions of your income which were already reported but were nontaxable. You do not have to report any income more than once.
Is federal income tax refunds taxable?
No. Federal tax refunds are not taxable. In some cases, state tax refunds are taxable.
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.
Where can I recieve information on filing for federal tax refunds?
Most people file for their federal tax refunds from past year finances in the January to February period. You can file by submitting a request form to IRS.
Which income tax refund comes first federal or state in New York?
In New York, the timing of income tax refunds can vary, but generally, federal tax refunds are processed and issued before state tax refunds. The IRS typically issues federal refunds within 21 days of filing, while New York State may take longer, often several weeks to a few months, depending on various factors. Therefore, taxpayers can usually expect to receive their federal refund first.
Why are your state tax refunds taking so long to get back?
why is my federal tax check taking so long
When can a federal tax return be seized for debt?
Federal tax refunds can be seized by the IRS for tax arrearages without the normal legal procedures being used. Federal and state tax refunds can be seized by a state child enforcement agency for court ordered child support arrearages. Tax refunds cannot be seized for creditor debt, for example, a judgment for non payment of a credit card account. But, once the refund is placed in a bank account it can be subject to levy by a judgment creditor. The Federal Government can also offset your federal tax refund to pay a student loan debt.
Do you have to report federal tax refunds as income?
No. Refunds are portions of your income which were already reported but were nontaxable. You do not have to report any income more than once.
Do you have to report federal tax refunds as income the next year?
No. Refunds are part of your income which you already reported. You do not have to report any income more than once.
Which websites carry details on federal refunds?
The best place to find information about federal refunds available to individuals is at the internal revenue website: www.irs.com. They will have complete information on tax credits and programs available for the individual.
Does your tax refund get taken by MA dor due to back child support?
Most likely. Just about every state will intercept federal and state income tax refunds for child support arrears.
When will the federal tax rebate checks come?
As of June 2014, the United States is not sending out any federal tax rebate checks. The IRS sends our refunds within 6 weeks of filing your taxes.
Federal 2010 with holding tax table?
The 2010 Federal tax withholding tables can be found in any 2010 tax book. Also, any accountant can give you a copy of the tax books or just the tax tables.
