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What are the qualifications for a federal tax refund?
You qualify for a federal tax refund if you have reached the tax reporting threshold and filed for income taxes. The tax reporting threshold varies depending on your age and marital status.
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.
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.
Is your income tax return qualify as income?
In the U.S., your federal income tax refund does not count as taxable income for the next year. If you receive a refund from your state, and you itemized your deductions on the federal return, then the state refund will count as income on your federal return. (If you didn't itemize, then your state refund won't count as income.)
Can you get a tax refund if you didn't work?
NOT for any of the current tax years you would have to have some type of earned income that you worked for in order to qualify for any of the available tax credits for the tax year 2009.
What are the qualifications for a federal tax refund?
You qualify for a federal tax refund if you have reached the tax reporting threshold and filed for income taxes. The tax reporting threshold varies depending on your age and marital status.
I haven't filed my taxes for 3 years. do I loose the child tax benefit for those past years or will I get a refund for them?
You should file your income tax returns if you qualify for any of the refund amounts and see what happens. You can file for a refund up to 3 years from the due date of the tax return and receive the amount of the refund that you qualify for after that period of time the refund is no longer available to you. For the 2006 tax year income tax return the last day to file and receive the refund amount would have been April 15 2010.
Can you qualify for an HR Block Emerald Card if you are unemployed?
Yes. The basis of the Emerald loan is on your tax refund, so the refund is used as collateral for the loan.
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.
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.
Is your income tax return qualify as income?
In the U.S., your federal income tax refund does not count as taxable income for the next year. If you receive a refund from your state, and you itemized your deductions on the federal return, then the state refund will count as income on your federal return. (If you didn't itemize, then your state refund won't count as income.)
Can you get a tax refund if you didn't work?
NOT for any of the current tax years you would have to have some type of earned income that you worked for in order to qualify for any of the available tax credits for the tax year 2009.
Can people on ssi get a tax refund?
No it's not income
What is the purpose of a 1040 tax preparation?
The purpose of a 1040 tax preparation is to ensure that the government gets the proper amount. It could make you qualify for a tax return which means you would get an income tax refund check.
How will unemployment effect your tax refund?
Unemployment can affect your tax refund in a couple of ways. If you received unemployment benefits during the year, those benefits are generally taxable income, which could increase your overall tax liability and potentially reduce your refund. Additionally, if you had less income throughout the year, you might qualify for certain tax credits, like the Earned Income Tax Credit, which could increase your refund. Ultimately, the net effect depends on your total income and tax situation for the year.
In order to get the best refund, people should file their tax returns as early as possible.?
In order to get the best refund, people should file their tax returns as early as possible.
What is the process for claiming the Child Tax Credit refund for the year 2022?
To claim the Child Tax Credit refund for the year 2022, you need to file your federal income tax return and include the necessary information about your qualifying child or children. This credit can reduce the amount of tax you owe or provide you with a refund if you qualify. Make sure to follow the IRS guidelines and provide accurate information to claim this benefit.
