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There is no maximum refund. If you overpaid your federal taxes, you'll get a refund for the overpayment no matter how much it is.
Typically, the Internal Revenue Service doesn't collect your refund if you owe them money. They will keep your federal refund.
YES
yes they can take it for that
Contact the university financial services office.
There is no maximum refund. If you overpaid your federal taxes, you'll get a refund for the overpayment no matter how much it is.
Im never refund federal tax, like a boss.
Yes. State refund must be claimed as income on your federal return.
No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.
In the U.S., your federal income tax refund does not count as taxable income for the next year. If you receive a refund from your state, and you itemized your deductions on the federal return, then the state refund will count as income on your federal return. (If you didn't itemize, then your state refund won't count as income.)
yes; it is considered federal debt and federal debt can be and probably will be taken from your refund (if it is in a collection status)
Federal no; the other , yes.
When you file for the federal tax refund, you will file the state tax refund on the same 1040 form with schedule A.You can also file for that separately.
No its not taxed. When you receive your refund, you will notice that their nothing withheld from your refund of any sort. You definitely do not have to report your refund to the IRS-its your money that you earned.
You can file a federal tax return and get a refund regardless of the status of your state taxes. If you owe overdue taxes to the state and they have gotten around to it, the state can intercept your federal refund. So, your refund might go to paying your overdue state taxes instead of being sent to you. But unless you file a federal tax return, no refund will be generated and your state taxes will not be paid.
A Federal Tax Refund is when the Government pays you back money it has technically borrowed from you during the previous year without paying you interest.
Typically, the Internal Revenue Service doesn't collect your refund if you owe them money. They will keep your federal refund.