Big tax refund? Congrats, you just gave the IRS a free loan that could have been more money in your paycheck. Jasmine Johnson is an Accredited Financial Counselor and Accountant. She has over a ...
A recent Credit Karma survey found that 37 percent of taxpayers rely on their refund to get by, rising to 50 percent among ...
Many respondents expecting ... early is a big part of reducing the tax-related stress,” continued Babb. “The earlier people file, the earlier they can access their refunds and spend it as ...
Taxpayers who have additional income sources from freelancing or investments and didn’t account for the extra money in their withholdings can also cause your tax refund to be too big.
Reason No. 2: Give yourself time to prepare if you owe money When you aren't expecting ... Tax fraud and scams are big business. Between 2021 and 2022, the amount of fraudulent tax refunds ...
But filing is just the first step. If you’re expecting to get a tax refund, you might be on standby wondering when you can cash that check or receive those funds. If you’re expecting a tax ...
Tax Year 2022 Refunds Could Be Smaller Don’t ... situation – even if it’s less than you were expecting. Instead of counting on a big refund again this year, expect a smaller one more in ...
Reason No. 2: Give yourself time to prepare if you owe money When you aren't expecting ... Tax fraud and scams are big business. Between 2021 and 2022, the amount of fraudulent tax refunds ...
Should you be expecting a stimulus check from the Internal ... they did not claim the Recovery Rebate Credit on their 2021 tax return, USA TODAY reports. The IRS said a review of internal data ...
According to the latest IRS data, the average federal tax refund in 2024 was $3,138. While receiving a big refund check can ... “Whether you’re expecting a refund this year or you think ...