Yes, the Office of Recovery Services (ORS) can take your federal tax refund to satisfy outstanding child support or other debts owed to the state. This process typically involves the federal tax refund being intercepted through a program called the Federal Tax Refund Offset Program. If you have a delinquent balance, the ORS may notify the IRS to redirect your refund to cover the owed amount. It's advisable to check with ORS for specific details related to your situation.
There is no maximum refund. If you overpaid your federal taxes, you'll get a refund for the overpayment no matter how much it is.
Typically, the Internal Revenue Service doesn't collect your refund if you owe them money. They will keep your federal refund.
Your federal refund decreased when you added another W2 because having multiple W2s can increase your total income, which may push you into a higher tax bracket and reduce the amount of refund you receive.
yes they can take it for that
YES
There is no maximum refund. If you overpaid your federal taxes, you'll get a refund for the overpayment no matter how much it is.
Im never refund federal tax, like a boss.
Yes. State refund must be claimed as income on your federal return.
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.)
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; it is considered federal debt and federal debt can be and probably will be taken from your refund (if it is in a collection status)
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.
Federal no; the other , yes.
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.
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.
Yes, if your wages are being garnished for a defaulted federal student loan, your federal tax refund can still be offset. The U.S. Department of Education can use tax refund offsets as a collection tool for defaulted federal student loans. This means that if you owe money on a defaulted loan, your federal tax refund may be withheld to repay that debt.
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.