Questions tagged [income-tax-refund]

This tag is to be used for questions related to refund of income taxes from a tax authority. A country tag should also be specified along with this tag, as tax rules vary from region to region.

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57
votes
11answers
22k views

Does my tax refund need to be as close to zero dollars as possible?

Am I doing my taxes wrong? I am receiving around 1000 dollars in tax refund, and someone tells me it should be as close as to zero as possible, I thought the tax refund was government giving back most ...
27
votes
5answers
12k views

How does the government shutdown affect tax returns?

Has a government shutdown in the past affected tax returns? In terms of refunds, is there anything to be expected differently based on historical precedent?
22
votes
5answers
16k views

My tax refund is exactly $3000. Did I hit a cap?

My tax refund this year will be $2,043 from the federal government, and $957 from New York State. That comes out to exactly $3000. I figure the chances of that happening are pretty low. Is there some ...
7
votes
2answers
16k views

Are tax federal or state tax refunds taxable in the next tax year?

If I get a refund from IRS and or from a state tax agency, will that refund be considered taxable income for the next year's federal or state income taxes?
7
votes
3answers
954 views

Can I file early and use refund for last year's IRA contribution?

I'm in the odd position this year of expecting a large tax refund (>$10K). I also have not maxed out my 2015 IRA. Lastly I don't have a ton of extra money on hand and don't expect to before April (A ...
6
votes
4answers
589 views

Recovering tax money from previous years

Last year I made a reasonable salary and paid nearly 40K in taxes. However, this year I have been living off of savings and have had zero income. I would like to recover some of the money I paid in ...
6
votes
2answers
454 views

Does overpaying estimated taxes lead to loss of non-refundable tax credit?

Say: My total fed tax liability is 60K. I've made estimated payments of 65K. (keeping withholdings out of picture here for simplicity) I'll expect a tax refund of 5K. I also installed solar panels and ...
6
votes
1answer
212 views

Can I claim moving expenses if I my company paid for the relocation?

I moved from Pittsburgh, PA to San Jose, CA for a new job. My new company paid me $7500 after tax (13,340 before tax). This amount is included in box 1 of my W-2 which I think means it is classified ...
6
votes
1answer
248 views

Is Maryland's Wynne Tax Refund taxable on my federal return?

In 2015, the Supreme Court found a local taxation detail in Maryland unconstitutional as double taxation (Comptroller of the Treasury of Maryland v. Wynne). Residents who doubly paid could then fill ...
6
votes
1answer
1k views

I messed up on my tax return... what do I do now? [duplicate]

Possible Duplicate: How can I fix a mistake I made on my income tax filing? [US] So I just did some recalculating on my taxes and realized that I made a gross error (in my favor fortunately). ...
5
votes
4answers
3k views

How to minimize over-withholding of taxes

I want to lower the amount of taxes I pay in a year. Currently I claim 1 federal and IL allowances Additional amounts deducted for FED and State (ILLINOIS): $0.00. I'm single and don't have any ...
5
votes
2answers
9k views

How much of my state income tax refund is considered taxable income?

Under the previous tax law, if you itemized and deducted your state income taxes but then got a state income tax refund, the refund was considered taxable income in the subsequent year's federal ...
5
votes
1answer
2k views

Is my tax return refund unsually late?

Around May this year (2019) I submitted a (late!) tax return for the 2017 fiscal year. I did so by generating the form with some tool, and then mailing it to the IRS office that was specified online. ...
5
votes
1answer
1k views

If I claim a dependent who owes back taxes, is my refund at risk?

He has had his "refund" confiscated by the IRS in past years to pay back taxes, but didn't make any money last year. He lived with me for the entire year. I want to claim him as a dependent on my ...
5
votes
1answer
6k views

Did not cash cheque for last years tax refund, can I ask for another?

A friend of mine did not cash her refund cheque from last year as she moved away and forgot to change her address. What is the method for retrieving that refund from the CRA? Would it be possible for ...
5
votes
1answer
102 views

What happens if the IRS owe me refund, but I file my taxes after the extension deadline of Oct 15?

What will happen if I overpaid the taxes on the extension form, but failed to file before Oct 15 deadline ? Do I lose any of the refund ?
5
votes
1answer
122 views

How do I claim moving tax deductions in new year?

How do I claim my moving expenses incurred in 2013 in my 2014 tax return? I won't be filing 2013 tax return because I didn't work in 2013 tax year. I recently moved to US and will start job from 2014. ...
4
votes
4answers
2k views

When will I get my Federal refund if I file today, given the deadline has been extended to July 15th?

Due to the covid-19 pandemic, the Federal government has decided to extend its tax filing and payment deadline to July 15th. So, if I were to file today, will I get my refund check in the mail this ...
4
votes
2answers
2k views

What do I do if an IRS check doesn't arrive?

We got a letter from the IRS stating that we get a substantial refund for a tax withholding. However, the check never arrived even after waiting for a couple of months. (On top of that: We live ...
4
votes
4answers
11k views

Why would one W-2 give so much more back than the other?

I'm a single male with no dependents. I had two W-2s for this year, one of which showed a gross earning of ~$30,000 while the second was for ~$20,000. When I fed the first one into TurboTax, I got a ...
4
votes
2answers
826 views

Side work taxes higher if regular job salary higher?

Simple question. If Person A makes $150,000 at their regular job (W2) and brings in $5,000 on a side job (1099-MISC), do they owe more in taxes on the $5,000 versus Person B, who earns $50,000 (W2) at ...
4
votes
1answer
133 views

What counts toward the tax free limit for pension contributions in the UK

I understand I can contribute up to 40k (or 100% of salary) in one financial year, and I will receive tax relief on these payments. I was working on this assumption: employer pension contributions + ...
4
votes
2answers
391 views

The IRS incorrectly changed my return. Is it too late to do anything about it?

My wife and I purchased a home last year and claimed the first-time homebuyer credit. After filing, we received a notice that our return had been changed, and our refund had been adjusted down exactly ...
4
votes
1answer
7k views

Tax return accepted, amended return rejected

My original tax return was efiled and accepted by both US and state. I originally forgot to include daycare expenses for my daughter which would have provided an additional several hundred dollars to ...
4
votes
1answer
206 views

What happens to money paid by IRS in fraudulent refund?

Please forgive my ignorance with this question... According to FRAUD Magazine and Identity theft tax refund fraud, fraudulent refunds cost billions of dollars a year. The article lists some ...
4
votes
3answers
266 views

Federal taxes for nonresident alien whose only income in 2016 was a 2015 state tax return

I am from Europe, and I did an internship in the US (California) in 2015. When filing my 2015 taxes, I ended up having to pay some small difference for the federal taxes, but got a refund on my state ...
4
votes
1answer
125 views

What documents are needed for taxes to qualify my adopted child who is blind as a child with a disability?

What documents do I need when filing taxes to qualify my adopted child as a child with a disability (blindness) with regards to IRS requirements in the United States? We have medical documentation we ...
4
votes
1answer
1k views

CRA made a mistake in our favour

This was in a review of a previous tax return. The error is high four figures which translates into a low four figures refund. Do they keep copies of the documentation? What are the chances they ...
3
votes
4answers
247 views

How to get a refund from the IRS if taxes were over-withheld?

Here is my timeline: I did not work in 2019 until Sept 23; Sept 23, 2019 start a job with 36% of every paycheck withheld for tax; Jan 10, 2020 got laid off; Jan 15, 2020 got a partial paycheck ...
3
votes
1answer
677 views

Income taxes for sign-on bonus

I just joined a new company, and I'm in the US. As my first paycheck, I got my sign-on bonus and regular bi-weekly salary both in the same paycheck, summed together. Does it make any difference in ...
3
votes
1answer
5k views

Turbo Tax says return was approved, IRS refund status shows processing

After I e-filed my taxes through Turbo Tax, I signed up for the text notifications so that way I didn't have to keep checking the website/app. I got a text message saying that my return has been ...
3
votes
2answers
367 views

Deutschland Einkommenssteuererklärung / Germany income tax return

I recently moved to Germany with my spouse and I started to work in November 2018. We got married before moving to Germany. We have both been assigned tax class IV. In my pay slips of November 2018 ...
3
votes
2answers
2k views

Does the IRS penalize for overpaying and underpaying state income tax?

I used TurboTax for filing my taxes this year (for 2014) and came across an oddity that either means TurboTax is buggy or the IRS penalizes for overpaying state income tax. When using turbotax (and ...
3
votes
1answer
476 views

IRS returns more money than my calculation - how can I find out where I was wrong?

A couple of months ago I filed the 2012 tax returns. I was expecting a few thousands USD for a refund. Finally, the payment was received in my bank account, and I noticed that the actual refund was ...
3
votes
1answer
81 views

Higher-rate Tax rebate on Pensions (UK)

Suppose you are a higerh rate Tax earner, and you pay into a monthly pension. As per these questions: Payroll pension contributions- UK higher rate tax relief UK income tax relief on pension ...
3
votes
1answer
68 views

How to file for a U.K. income tax refund after you return to your own country?

I live in Spain. I worked in the UK for 6 months only, being taxed around 70 pounds a month. I am back in Spain now. I was told I could get a tax refund for not hiting the minimum. I earned around ...
3
votes
1answer
6k views

How can somebody cash my state income tax refund check?

I am not a USA resident but I've worked the last summer in the USA so now I want to get my state income tax back. I know that the money is coming in form of a check on my name. I need somebody else to ...
3
votes
1answer
96 views

Can one have prior years’ United States income tax refund carried over to later years?

Forms 1040 and 1040-NR allow overwithheld tax to be refunded via direct deposit onto a U.S. bank account or mailed as a check. However, there is a time limit for direct deposit. For example, see the ...
3
votes
1answer
3k views

How to redeem California tax income return warrants?

During 2016, I have overestimated my state taxes; as a result, the state of California have issued a "tax refund warrant". This is what it looks like (with personal identifiers removed): So, in ...
3
votes
1answer
206 views

How to reduce deduction amount in salary

For my 58333 Total anual CTC, these are total deductions 1800 - Company Contribution to PF 0167 - Group Personal Accident Insurance 0833 - Group Mediclaim Insurnace 1042 - Gratuity 0200 - ...
3
votes
0answers
93 views

Can I file for federal tax returns for the year 2016 from India?

I was working in US in 2016 while on a project but now I am in India. How do I file for tax returns from India for 2016? I tried e filing through an agent last year but I provided my US postal ...
2
votes
1answer
215 views

Do you pay less US income tax if you withhold more?

I always assumed that the amount you withhold from a salary for federal income taxes does not change the amount you actually pay in taxes, but simply how much you get back or pay when you file your ...
2
votes
2answers
192 views

Adjusting tax withholdings to reduce refund

I apologize if I am simplifying or not understanding this correct so bare with me. I am getting a decent amount of money back around tax time as a refund and I would like to see more of that money ...
2
votes
2answers
2k views

What to do if a state and federal refund is denied direct deposit?

I helped my girlfriend file both her state and federal taxes this year. We 'share' a bank account, but her name is not on the account (the bank currently does not offer joint accounts, otherwise it ...
2
votes
1answer
2k views

U.S. nonresident alien: Is my state tax refund taxable?

I am nonresident alien student in US from India and filing 2016 federal tax using 1040-NREZ. I used itemized deductions in 2015 federal taxes (standard deductions). I received state tax refund last ...
2
votes
1answer
3k views

Amendment After 3 Years That Increases the Tax

I had filed 2010 US tax returns to the best of my knowledge using one of the famous online websites. Fast forward now (2014), I realized that I was in US for half a year and should have filed as ...
2
votes
1answer
289 views

I lost my form W-2. How can I recover it so I can file my claim for an income tax refund?

I received my W-2 form a couple of weeks ago in order to acquire my tax refund for the year 2013. My problem started when notice I could not find my W-2 form anywhere. How can I recover it or ask for ...
2
votes
1answer
140 views

Pay down a big loan or pay off a small one? [duplicate]

I have two student loans I would like to pay off: A: $6000 - 6.5% B: $3000 - 6.5% I am receiving a tax refund of a bit over $3000. I am not sure whether to pay off B in one fell swoop to get it ...
2
votes
2answers
458 views

Making Money on your Tax Return

So both Turbo Tax and H&R Block offered a deal this year where if you requested your federal return in e-gift cards, they would give you a 5 to 10% bonus based on the service you requested. Let's ...
2
votes
1answer
56 views

In my US income tax return, is it okay to use my spouse bank account for direct deposit?

We file as "married, separately", and my name does not show in my spouse bank account. In my US income tax return, is it okay to use my spouse bank account for direct deposit? Any concerns?