Suppose I want use my state tax refund to pay my federal tax debt. Can I file state return now and file my federal return in April?
Yes. You can file your state and federal tax returns at any point before the filing deadline and use the refund money from the state refund to pay the tax liability on your federal return.
However, you might want to e-file both returns now. Then, submit your federal return with the e-file payment voucher by April 15. This will allow enough time for your state return refund to arrive to cover any federal balance due.
You must pay the balance due on your federal return by the filing deadline to avoid penalties and interest.
Are prepaid property taxes deductible? Read on to review what’s changed and what’s to come due to the many changes sparked by the Tax Cuts and Jobs Act.
Deducting property expenses under Section 179? 2018 marks the start of new deduction rules under tax reform. Learn how these changes may affect your business.
The discrepancy between your name and your Taxpayer Identification Number has been corrected. Learn more from the tax experts at H&R Block.
Most Forms 1099-G are received for unemployment compensation or from state or local income tax refunds. Learn more from the tax experts at H&R Block.