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.
Learn more about letter 313C and how to handle an IRS failure to deposit penalty with help from the tax experts at H&R Block.
When it comes to making everyday tax decisions, we find that there's a gap between what's true and what's rumored. Let's explore four common tax myths.
Do you need to file estimated taxes each quarter? Learn more about quarterly tax payments and get tax answers at H&R Block.
Do you have unfiled Form 941's, 940's, or 944's? Read the IRS definition of employment tax returns and get more insight from the experts at H&R Block.