The best part about filing your taxes is getting the tax refund check! Chances are, you have been paying your taxes directly, or your employer has been withholding tax dollars from your paychecks. Many individuals overpay on their taxes, so they quickly file their taxes to get their tax refunds and soon as possible.
Parents Missing Out On £1500 Tax Refund
Thousands of parents have yet to benefit from a substantial tax credit refund which can be worth over £1500 per family. For those with children born between 1985 and 2003 a valid claim can still claim made – but time is running out.
Obtaining a Federal Income Tax Refund
Youre getting an income tax refund! Those are the words that every taxpayer would love to hear. A federal income tax refund occurs if the tax you owe is less than the sum of the total amount of refundable tax credits claimed and the total amount of withholding paid. For many individual taxpayers those federal tax refunds can be obtained through Earned Income credit, a real refund of overpayment of tax, or through an overpayment from previous years. Some people really believe that getting a large income tax refund is not the greatest thing.
IRS Holding $2 Billion In Unclaimed Tax Refunds
Every year, the IRS announces that it is holding unclaimed tax refunds. Taxpayers have a limited time to claim the $2 billion dollars the IRS is currently holding.