Everything about tax refunds — timing, tracking, delays, and what to do if yours isn’t showing up.
Tax season opens Monday, January 27, 2020. The beginning of tax season can be a busy and anxious time for taxpayers – especially those who are waiting for tax refunds. Sometimes, taxpayers who are waiting for refunds turn to refund anticipation loans (RALs). Here’s what you should know about how they work and why you…
Tax season officially opens on January 27, 2020, and that means that many taxpayers are anxiously waiting to file in anticipation of a tax refund. But not all taxpayers are eligible to receive a tax refund right away: the law requires the Internal Revenue Service (IRS) to hold refunds tied to the Earned Income Tax Credit (EITC)…
Did you owe an estimated tax penalty for 2018 but didn’t claim the waiver? All is not lost. The Internal Revenue Service (IRS) has announced that it is waiving the estimated tax penalty for those eligible taxpayers who filed their 2018 federal income tax returns but did not claim the waiver. The relief is expected to impact…
It was a clunky tax season opening on January 28, 2019, with taxpayers grappling with new tax forms, new rules, and a government shutdown. While some 50 million taxpayers have yet to file (as of April 12, 2019), tens of millions have already filed and are eagerly awaiting their tax refunds. While they wait, taxpayers…
The Internal Revenue Service (IRS) might have your money. The tax agency has announced that more than $1.4 billion in outstanding refunds remain unclaimed from 2015. Yes, billion. That represents more than one million taxpayers who might have qualified for a refund but who did not file a federal income tax return for 2015. If you are…
The beginning of tax season can be a busy and anxious time for taxpayers – especially those who are waiting for their tax refunds. This is a particularly stressful year for some taxpayers: the combination of new tax rules and the delays tied to the shutdown have taxpayers on edge about when they might see their…
It’s Ask The Taxgirl!
Today I tackle what to do with your tax refund.
The Internal Revenue Service (IRS) has announced that tax refunds for taxpayers who claimed the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) should begin arriving in bank accounts or on debit cards this week.
Some taxpayers use a tax Refund Anticipation Loan (RAL) to bridge the gap between the first of the year and mid-to-late February. Sometimes, you’ll get turned down. If you’ve been turned down for a tax refund-related loan, it might have been for one of these reasons.
Does the IRS have your money? The IRS has announced that it has more than $1 billion in unclaimed tax refunds from 2013. To claim your 2013 tax refund, you must file a tax return by April 18, 2017.
