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After you complete your tax return you may find you owed money by the federal government this is called your?

If you are owed money by the federal government, the money that the federal government sends you is called a "tax refund" or sometimes just a "refund."


What is the fed tax refund?

Federal tax return is when the government asks you to pay a certain amount of money when filing your taxes. However due to an error in the calculations or exemption rules, the government can return some of this money in the form of a tax refund.


Why are you a federal republic?

beause if we arent a federal we dont have money


Is a federal tax refund taxed?

No its not taxed. When you receive your refund, you will notice that their nothing withheld from your refund of any sort. You definitely do not have to report your refund to the IRS-its your money that you earned.


Can the IRS offset my ny state refund?

Typically, the Internal Revenue Service doesn't collect your refund if you owe them money. They will keep your federal refund.


What is the definition of a federal tax refund?

A Federal Tax Refund is when the Government pays you back money it has technically borrowed from you during the previous year without paying you interest.


Which software can provide the right federal tax refund?

Turbo tax provides a federal tax refund by determing how much money you pay from your bills and mortgage and turning it into extra money that you can use in the near future.


Can you still receive a refund from the IRS if you owe them money?

Yes, you can still receive a refund from the IRS even if you owe them money. The refund will be used to offset the amount you owe, and you will receive the remaining balance, if any.


Where can I learn about a fed tax refund?

A Federal Tax Refund is when the government refunds you the extra money you paid for your tax. You can easily get someone to help you do it, or you can use TurboTax (online) to help you get your refund.


What is the difference between a credit and a refund?

A credit is an amount of money that can be applied towards future purchases, while a refund is money that is returned to you for a previous purchase that you no longer want or need.


Who can garnish my federal tax refund?

Any state/fed agency you owe money to-example school loans


When you pay more than you owe in taxes and the IRS gives you money backwhat is that money called?

A tax refund or tax rebate is a refund on taxes. When your tax liability (the amount of tax you owe) is less than the amount of taxes paid or taken out of your paycheck, the IRS will give you a tax refund once your return is filed.