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Tax Refunds

Tax refunds refer to the amount returned to the taxpayer after the taxing authority determines that the actual tax paid is greater than the tax liability. Taxpayers can usually avail of the refund at the end of every financial year.

3,013 Questions

How do you find out why your taxes were taken for a previous year?

To find out why your taxes were taken for a previous year, you can start by reviewing your tax return and any accompanying documentation for that year. Check for any notices or letters from the IRS or your local tax authority, which may explain adjustments or discrepancies. If needed, you can contact the tax agency directly for clarification or to request your tax transcript, which provides details of your tax account. Additionally, consulting with a tax professional can help you understand any complexities related to your situation.

When collecting social security would a married couple be better to file separately?

In most cases, married couples may benefit more from filing jointly for Social Security benefits, as this can maximize their combined benefits and potentially provide spousal benefits. However, there are situations where filing separately could be advantageous, particularly if one spouse has a significantly higher income or if one spouse is close to reaching the earnings limit that affects benefit amounts. It's important for couples to assess their individual circumstances, including income levels and overall financial goals, before making a decision. Consulting with a financial advisor can help determine the best approach for their specific situation.

Which treasury department agency is responsible for payment of government obligations including social security veerans benefits and tax refunds?

The agency responsible for the payment of government obligations, including Social Security benefits, veterans' benefits, and tax refunds, is the Bureau of the Fiscal Service. This bureau operates under the U.S. Department of the Treasury and manages the federal government's cash management, debt issuance, and payment processing functions.

If you made 5000 in one year how much taxes will you get back?

The amount of taxes you might get back depends on various factors, including your total income, tax deductions, credits, and the tax rate applicable to your income level. If you earned $5,000 and had taxes withheld, you may receive a refund if your total tax liability is lower than what was withheld. Additionally, if you qualify for tax credits or deductions, that could also increase your refund. It's best to consult a tax professional or use tax software to get a more accurate estimate based on your specific situation.

Can I fax form 3911 to the IRS?

Yes, you can fax Form 3911, which is used to request a refund trace, to the IRS. Ensure that you are faxing it to the correct number designated for your specific tax situation, as this can vary. Be sure to include all required information and documentation to avoid delays. Always check the IRS website or contact them for the most current fax numbers and instructions.

What does the IRS code 5511 mean?

IRS code 5511 refers to a specific provision related to the treatment of certain tax credits and deductions under the Internal Revenue Code. It primarily addresses the rules governing the calculation and limitations of credits for specific types of income, particularly in relation to foreign tax credits. This code is part of the broader framework of tax regulations aimed at ensuring compliance and clarity in tax reporting for individuals and businesses. For detailed implications, it's advisable to consult the IRS guidelines or a tax professional.

Will your tax refund check be forwarded to your new address?

No, your tax refund check will not be automatically forwarded to your new address. To ensure your refund is sent to your new address, you should update your address with the IRS by filing Form 8822 or by checking the appropriate box on your tax return. It’s important to make this change before the IRS processes your return to avoid potential delays.

When is h and r block doing loans this year?

H&R Block typically offers tax refund advance loans during the tax season, generally starting in mid-January and running through early February. The specific dates can vary each year, so it's best to check their official website or contact a local H&R Block office for the most accurate and up-to-date information regarding their loan offerings for the current tax season.

How much of a stimulus check will a single parent get?

The amount of a stimulus check a single parent can receive depends on the specific stimulus package in question. For example, under the American Rescue Plan, eligible single parents could receive up to $1,400 per qualifying child. Additionally, their income level can affect the total amount received, as the checks phase out for higher earners. It's essential to check the details of the specific relief package to determine eligibility and the exact amount.

How long it take to get your refund check from Grantham university?

The time it takes to receive a refund check from Grantham University can vary, but typically it may take around 4 to 6 weeks after your request is processed. Factors such as the timing of your request, the method of disbursement, and any outstanding financial obligations can influence the timeline. It's best to check with the university's financial aid office for specific details related to your situation.

How do i know if i owe taxes to Pennsylvania?

To determine if you owe taxes to Pennsylvania, review your income sources, residency status, and any applicable deductions or credits. If you earned income in Pennsylvania or are a resident, you may be required to file a state tax return. You can also check your previous tax filings and any correspondence from the Pennsylvania Department of Revenue. Lastly, consider using their online tools or consulting a tax professional for personalized guidance.

What is address for pa state tax for refunds?

To send a Pennsylvania state tax refund request, you should address it to the Pennsylvania Department of Revenue, Bureau of Individual Taxes, P.O. Box 280501, Harrisburg, PA 17128-0501. Be sure to include your completed tax return and any necessary documentation. For specific inquiries, you may also contact their office directly.

What is a TCS Treas 44 Tax Refund?

A TCS Treas 44 Tax Refund refers to a tax refund issued by the U.S. Department of the Treasury, specifically related to the Tax Cuts and Jobs Act (TCJA) provisions. This refund may be applicable to certain taxpayers who overpaid their taxes due to changes in tax laws or withholding adjustments. The term "TCS" often indicates a specific type of transaction or refund processing. For accurate details regarding eligibility and the refund process, it's advisable to consult the IRS or a tax professional.

What are the characteristics of sound tax system?

A sound tax system is characterized by equity, efficiency, simplicity, and transparency. It ensures that taxpayers contribute fairly according to their ability to pay (equity), minimizes economic distortions and encourages growth (efficiency), is easy to understand and comply with (simplicity), and provides clear information on tax obligations and how revenues are used (transparency). Additionally, it should be stable and adaptable to changing economic conditions.

When do the IRS send refund checks in the mail?

The IRS typically sends refund checks in the mail within 21 days of processing a tax return if it was filed electronically and there are no issues. For paper returns, refunds may take longer, potentially up to six weeks or more. Refunds are sent via mail if the taxpayer chose to receive a paper check instead of direct deposit. It's important to check the IRS website or use the "Where’s My Refund?" tool for specific updates on individual refunds.

How can you refund your unused tickets?

To refund your unused tickets, first check the ticket provider's refund policy, as it varies by company. Typically, you can initiate the refund process through their website or customer service. If purchased online, log into your account, find the ticket order, and follow the instructions for requesting a refund. Be mindful of any deadlines or fees associated with the refund.

How do you receive a cellco refund?

To receive a refund from a cell phone company (cellco), you typically need to contact their customer service directly, either through their website, by phone, or in-store. Have your account details and any relevant transaction information ready to expedite the process. Some companies may require you to fill out a refund request form or provide proof of purchase. Refund policies vary, so check the company's terms and conditions for specific instructions.

What day of the week does state of Alabama deposit refunds?

The state of Alabama typically processes and deposits tax refunds on Fridays. However, the exact timing can vary based on the volume of refunds being issued and other factors. It's advisable for taxpayers to check their refund status online for the most accurate information.

Can you request a bond refund if you were adjudicated?

Yes, you can request a bond refund even if you were adjudicated, but the process may vary depending on the jurisdiction and the nature of the case. Typically, the bond is refunded once the case concludes, provided all conditions are met. It's important to check with the court or the agency that issued the bond for specific procedures and eligibility requirements. Additionally, any outstanding fees or obligations may affect the refund amount.

How much income do I need to make to file taxes?

The income threshold for filing taxes varies based on factors such as your filing status, age, and whether you are claimed as a dependent. For the 2023 tax year, single filers under 65 must file if they earn at least $13,850, while married couples filing jointly must file if their combined income is $27,700. It's important to check the IRS guidelines or consult a tax professional for specific requirements based on your situation.

Do you have to file two tax returns if you have worked in two different provinces?

In Canada, if you have worked in two different provinces during the tax year, you do not need to file two separate tax returns. You will file one federal tax return and report all your income from both provinces on that return. However, you may need to complete provincial tax forms for each province where you earned income, as each province has its own tax rates and credits. Ensure you allocate your income and any taxes paid correctly between the provinces.

How much will you get on your school refund check?

The amount of your school refund check depends on several factors, including your tuition costs, financial aid, and any additional fees you've paid. Typically, it is calculated after your school deducts tuition and fees from your financial aid disbursement. To find out the exact amount, check with your school's financial aid office or online student account portal for specific details related to your situation.

Is there a limitation in the number of years of tax return garnishment?

Yes, there is typically a limitation on the number of years for which tax returns can be garnished. Generally, the IRS can garnish wages or bank accounts for unpaid taxes up to 10 years from the date the tax was assessed. However, certain circumstances, such as bankruptcy or an offer in compromise, can extend this period. It's essential to consult with a tax professional for specific cases and regulations.

What date will stimulus increase for ssi arrive?

As of my last update, there hasn't been a specific date announced for a stimulus increase for Supplemental Security Income (SSI). Any potential changes or increases would depend on legislation passed by Congress or adjustments for inflation. For the most accurate and current information, it's best to check official government resources or news updates.

Who got the stimulus money?

Stimulus money, particularly in the context of the COVID-19 pandemic, was distributed to eligible individuals and families in the United States. This included direct payments to adults and children based on income thresholds, with higher amounts for those with lower incomes. Additionally, certain groups, such as Social Security recipients and veterans, also received payments. The goal was to provide financial relief to help mitigate the economic impact of the pandemic.