What is my tax obligation
- how is your tax refund determined
- how is the tax refund calculated
- what determines your tax refund amount
- what determines how much you get back in taxes
Who gets tax refunds
Tax refund example...
Tax season has begun. Here’s when you’ll get your refund
NEW YORK — Tax season is underway, and the Internal Revenue Service expects 140 million people will file returns by April 15.
The agency has also debuted a new online tool to help taxpayers check the status of any refund they may be entitled to.
President Trump this week offered all federal employees a buyout package in an effort to reduce the size of the government workforce, which could affect IRS staffing at an important period for the agency, though it’s not yet clear how.
Refund due meaning irsThe IRS did not immediately respond to a request for comment.
Here’s what to know:
When will I receive my refund?
If you file your tax return electronically, the IRS says it should take 21 days or less to receive your refund.
If you choose to receive your refund with direct deposit, it should take even less time. If you file a paper return, the refund could take four weeks or more, and if your return requires amendments or corrections, it could take longer.
The IRS cautions taxpayers not to rely on receiving a refund by a certain date,
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