Why Getting a Tax Refund Means You Need to do This [VIDEO]
It’s exciting to get a tax refund. And a lot of us get them. Last year, the IRS issued 109 million tax refunds, with the average amount being $2,797.
But what if getting a refund actually signaled something bad? Unfortunately, for many taxpayers, getting a refund could mean that you are allowing the government to hold your money, interest-free over the course of the year. We talk about how to make sure you are having the right amount withheld from each paycheck, instead of overpaying.
Donating a qualified vehicle to a charity? Learn how Form 1098-C is used to report the details of your donation and how it affects your deduction.
Need help deciding if you need to file an amended return (IRS Form 1040X)? Get the facts from the tax experts at H&R Block.
If you’ve received unemployment compensation or a state tax refund, you’ll receive Form 1099-G. Learn more about Form 1099-G and how it affects your taxes.