When you file for the federal tax refund, you will file the state tax refund on the same 1040 form with schedule A.You can also file for that separately.
Yes. State refund must be claimed as income on your federal return.
No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.
You can file a federal tax return and get a refund regardless of the status of your state taxes. If you owe overdue taxes to the state and they have gotten around to it, the state can intercept your federal refund. So, your refund might go to paying your overdue state taxes instead of being sent to you. But unless you file a federal tax return, no refund will be generated and your state taxes will not be paid.
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.)
Federal no; the other , yes.
Yes. State refund must be claimed as income on your federal return.
No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.
Yes, you can file federal and state taxes separately. Each tax return is filed separately with the respective government agencies.
You can file a federal tax return and get a refund regardless of the status of your state taxes. If you owe overdue taxes to the state and they have gotten around to it, the state can intercept your federal refund. So, your refund might go to paying your overdue state taxes instead of being sent to you. But unless you file a federal tax return, no refund will be generated and your state taxes will not be paid.
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.)
Federal no; the other , yes.
There is no exact date for either the State or Federal Income tax refund to get to you. If you file electronically, they will usually get to you at about the same time but there will not be a significant difference.
I received my federal 2 weeks ago...still no Mo state refund?
yes they can take it for that
Yes, States can intercept your refund via the Treasury Offset Program.
Yes, the IRS can take your federal tax refund to pay off federal debts, but state student loans typically fall under state jurisdiction. In Ohio, if you owe on your state student loans, the Ohio Department of Higher Education can intercept your state tax refund, but not your federal refund. However, if your student loans are federally guaranteed and in default, they may lead to federal collection actions, including garnishment of federal tax refunds. Always check with a tax professional for specific situations.
If you took the amount as a deduction as State taxes on your federal return originally (say refund is from a prior year), then getting it back now is reported as income.