$500 Obamacare “Refund” Checks Are Going Out. Here’s What You Need To Know
Nearly one million Americans are getting $500 Obamacare refund checks. Here’s who gets one, where the money comes from, and what taxpayers should know.
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Making Sense of the Child Tax Credit in 2022
Over the past year, the child tax credit has changed significantly. So what exactly do taxpayers need to know about the differences from last year to this year, and how will those changes affect them? What do people need to know about changes to the Child Tax Credit? On today’s episode of the Taxgirl podcast,…
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Here’s How Child Support Offsets Affect Tax Refunds & Stimulus Checks
It has long been the case that if you owe money, your federal income tax refund can be seized to satisfy your debt. Examples of federal debts that might trigger offsets include federal income tax delinquencies and student loan defaults. States can ask the Internal Revenue Service (IRS) to intercept, or offset, federal tax refunds…
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What You Should Know About Tax Refund Anticipation Loans
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…
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Why You Might Have Been Turned Down For A Tax Refund Anticipation Loan
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)…
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IRS Has More Than $1.4 Billion In Unclaimed Tax Refunds
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…
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Combat-Injured Veterans May Be Owed Tax Refunds
The Internal Revenue Service (IRS) has announced that tax relief is available – retroactively – for veterans who received disability severance pay after January 17, 1991, and included that amount as income on their taxes. Approximately 130,000 separated military members who received disability severance pay as income may be affected. Typically, Disability Severance Pay is…
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Taxes From A To Z (2018): D Is For Direct Deposit
It’s Taxes from A to Z. D is for Direct Deposit.
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IRS Has Over $1 Billion In Unclaimed Tax Refunds
The Internal Revenue Service (IRS) has announced that more than $1.1 billion in outstanding refunds remain unclaimed from 2014. That represents an estimated one million taxpayers who might have qualified for a refund but who did not file a federal income tax return for 2014.
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IRS Owes Taxpayers More Than $1 Billion In Unclaimed Tax Refunds
Looking for some extra cash? The Internal Revenue Service has $1 billion of it waiting to be collected. An estimated one million taxpayers who did not file a federal income tax return for 2011 have failed to pick up refunds totaling $1 billion. The IRS estimates that about half of those refunds total $698 or…
