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The best way to ensure you won’t need to pay federal income tax on your state refund is to file your taxes using the standard deduction. ... if you owe $5,000 in back taxes and your refund is ...
File electronically. The quickest way to get any refund owed is to file electronically, using tax software or the IRS's site, and have the refund direct deposited into your bank account. When you ...
FAQ. When should I expect my tax refund in 2023? If you chose to e-file your taxes and opted for a refund via direct deposit, you should receive your refund within 21 days after you file. However ...
Tax returns, in the more narrow sense, are reports of tax liabilities and payments, often including financial information used to compute the tax. A very common federal tax form is IRS Form 1040 . A tax return provides information so that the taxation authority can check on the taxpayer's calculations, or can determine the amount of tax owed if ...
Refund anticipation loan ( RAL) is a short-term consumer loan in the United States provided by a third party against an expected tax refund for the duration it takes the tax authority to pay the refund. The loan term was usually about two to three weeks, related to the time it took the U.S. Internal Revenue Service to deposit refunds in ...
As the April 18 tax deadline nears and state returns are filed, many Pennsylvania taxpayers will likely be — or are already — wondering how long it’ll take to get their refunds this year.
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