There are several "refundable" tax credits that can result in a refund greater than what you paid in. The most common are the Additional Child Tax Credit and the Earned Income Credit (EIC). There are also more obscure credits such as the credit for repayments of previous years' taxable income.
If you are asking about a Federal Income Tax return---Yes, you can receive a larger refund than what you paid in. If your income is low and you have children, you may be eligible for Earned Income Credit and Child Tax Credit, along with several others. These will sometimes enlarge your refund to more than you paid.
If your tax witheld is larger than the tax due, you receive a refund
yes
You will file a return. You will not get a refund (which is a refund of your overpayment) if you owe more than you have paid in through withholding and such - which is waht your payment is for - to make up for what you should have pre-paid. Depending on the amount of the underpayment and other factors, it is possible you will also owe a penalty and interest on that underpayment.
Yes, you may receive a refund check from an online college if you have excess financial aid or scholarships that cover more than your tuition and fees. This refund typically occurs after the college disburses funds for the semester. It's important to check with your college's financial aid office for specific policies and timelines regarding refunds.
If you are asking about a Federal Income Tax return---Yes, you can receive a larger refund than what you paid in. If your income is low and you have children, you may be eligible for Earned Income Credit and Child Tax Credit, along with several others. These will sometimes enlarge your refund to more than you paid.
You would receive a tax refund after filing your tax return if you paid more in taxes throughout the year than you actually owed. This excess amount is returned to you by the government.
To get a tax refund in the USA, you need to file a tax return with the IRS. If you've paid more in taxes than you owe, you may be eligible for a refund. Make sure to include all necessary documentation and information when filing your return to ensure you receive any refund you are owed.
If your tax witheld is larger than the tax due, you receive a refund
Yes, it is possible to receive a refund on a different debit card than the one used for the original purchase, depending on the store's refund policy and procedures.
Common questions about tax refunds include: "When will I receive my refund?", "How can I track the status of my refund?", "Why is my refund amount different than expected?", and "What should I do if I haven't received my refund?"
Yes, if you have paid taxes, or had taxes withheld for that tax year, you may be entitled to a refund. If you have not paid taxes for the year in question, you will not receive a refund.
Some common tax refund questions individuals may have include: "When will I receive my refund?", "How can I track my refund status?", "Why is my refund amount different than expected?", and "What should I do if I haven't received my refund?"
State income tax refunds are issued when you have overpaid your state income taxes throughout the year. If you have paid more than you owe, you may receive a refund from the state.
The IRS will only take what is owed. You will receive a letter from the IRS stating that your refund will be reduced and the agency to whom the obligation is owed and a number to contact the agency. You will then receive a check/direct deposit for the remaining amount.
If your tax witheld is larger than the tax due, you receive a refund
If you have your refund automically deposited than you should receive your refund in your bank account the first week in August. All others should receive their the third week in August.