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Its very simply the amountof taxes you paid in through the year (whether that be from payroll withholding, similar estimated payments - required by self employed and the like, withholding from other things - like lottery or gambling winnings, etc., etc.), all of which you take as a credit - toward the amount of tax you ultimately (on completing the return and considering everything, including any available deductions), have to pay. If you paid in too much, you get a refund. too little and you pay that extra, plus applicable penalties and interest.
What else can I help you with?
Are there tax refund estimators online?
At www.efile.com-service/taxcalculator/ you can calculate your tax refund amount. Use the TaxSimator estimate what your refund will be based on the information you provide.
Can you get a tax refund if your only income is social security?
Income tax refunds are based on tax that was withheld or previously paid. There is normally no withholding tax on social security. You might, however, qualify for Earned Income Credit, or be able to collect a refund based on payments in a previous tax year.
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
Can you get a tax refund if you did not pay tax?
NO
How Long will take for your tax refund if you owe?
Ahhhhh . . . you do not get a tax refund if you owe. You pay them.
How is the estimated tax refund calculated?
The estimated tax refund is calculated based on the current year's tax codes.
Are there tax refund estimators online?
At www.efile.com-service/taxcalculator/ you can calculate your tax refund amount. Use the TaxSimator estimate what your refund will be based on the information you provide.
Can you get a tax refund if your only income is social security?
Income tax refunds are based on tax that was withheld or previously paid. There is normally no withholding tax on social security. You might, however, qualify for Earned Income Credit, or be able to collect a refund based on payments in a previous tax year.
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
Where could one find a tax refund estimator for free use?
You can find a tax refund calculator for free use on the 1040 website. If you are based in the UK however, you can go to the HMRC website and click on the "Tax Checker".
Will liberty tax have holiday loan?
Liberty Tax does not have holiday loans. They do offer loans or advances during tax season based off of your tax refund.
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.
Can you get a tax refund if you did not pay tax?
NO
How Long will take for your tax refund if you owe?
Ahhhhh . . . you do not get a tax refund if you owe. You pay them.
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.
Where can I find out about a rapid tax refund?
You can find out about a rapid tax refund by googling "rapid tax refund". A rapid tax refund is basically a loan in the amount of your tax refund that you receive as soon as you file your return as opposed to waiting for your check from the government which generally takes longer to receive. To find out more about it, visit: http://www.bigfatrefund.com/
