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The 2023 tax season is officially underway and many South Carolinians have new changes to be aware of before filing. The IRS began accepting 2022 tax returns on Monday. The 2023 tax season ...
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The IRS lists the following issues that might extend the tax refund processing time and delay your refund: Amended return refunds take about 16 weeks You’re filing an injured spouse claim
The Department of Revenue is a department of the South Carolina state government responsible for the administration of 32 different state taxes in South Carolina. [1] The Department is responsible for licensing and taxing all manufacturers, wholesalers and retailers of alcoholic liquors. The Department is also responsible for enforcing the ...
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Tax Day; Observed by: United States: Type: National: Significance: Due date for federal individual income tax returns: Date: April 15 (Monday through Thursday) April 17 (Tuesday; April 15 is Sunday, and Monday is a holiday)
That process is commonly called FUTA credit reduction and was designed as an involuntary repayment mechanism. The reduction schedule is 0.3% for the first year and an additional 0.3% for each succeeding year until the loan is repaid. From the third year onward, there may be additional reduction(s) in the FUTA tax credit (commonly dubbed "add-ons").
For the 2020 filing season, which covers returns filed for the 2019 calendar year, the average federal tax refund for individuals was $2,707. The average tax refund also varies by state.