Here’s Why You Should Invest It.
Many business owners and freelancers overpay their taxes and thus end up getting a government tax refund. It’s tempting to use that money for things you want, whether it’s a vacation, new furniture or the latest hot gadget. But that refund can be even more useful in helping [...]
Are you getting a great tax refund this year? Instead of just frittering it away on things you don’t really need, consider making an investment that will pay off throughout the year. Here are just six ways to invest your tax refund so that it will keep on giving back:
1. Start an emergency fund
If you don’t already have an e [...]
. . . it’s tax time!
This year, do you want your refund faster? Have it deposited directly into your bank account. More taxpayers are choosing direct deposit as the way to receive their federal tax refunds. More than 61 million people had their tax refunds deposited directly into their bank accounts last year. It’s the s [...]
IRS Tax Tip 2010-17
Do I have to File a Tax Return?
You must file a tax return if your income is above a certain level. The amount varies depending on filing status, age and the type of income you receive.
Check the Individuals section of IRS.gov or consult the instructions for Form 1040, 1040A, or 1040EZ for specific details that may [...]
A Failure to Pay Child Support, Federal Non–Tax and State Income Tax Obligations could go to The Department of Treasury’s Financial Management Service (FMS), which issues IRS tax refunds first. They have been authorized by Congress to conduct the Treasury Offset Program. Through this program, your refund or overpayment could be re [...]