Category Archives: Tax Refunds

When Can I file my 2016 Taxes in 2017?

Tax season will begin Monday, Jan. 23, 2017, and reminded taxpayers claiming certain tax credits to expect a longer wait for refunds. This is the first day that you can file a 2016 tax return. The IRS will begin accepting electronic tax returns that day, with more than 153 million individual tax returns expected to… Read More »

When can I file taxes in 2017?

The IRS still has not announced the first day they will begin accepted 2016 tax returns in January 2017. Normally, the first filing day of a tax return is toward the end of January.   The first day you can file taxes in 2017 will usually be announced in Novermber 2016. Check back for more… Read More »

How Quick is the IRS Issuing Refunds in 2016?

IRS Issues Nine Out of 10 Refunds in Less than 21 Days The IRS notes that  taxpayers that it issues 90 percent of refunds in less than 21 days. The best way to check the status of a refund is online through the “Where’s My Refund?” tool at IRS.gov or via the IRS2Go phone app. “As… Read More »

IRS tax refunds, amounts due, and recordkeeping

In this tax tutorial, you will learn about refunds, amounts due, and recordkeeping. Taxpayers receive refunds when their total tax payments are greater than the total tax.   How to Receive Tax Refunds Refunds can be received by check in the mail or by direct deposit (electronic funds transfer) into a checking or savings account. Taxpayers must… Read More »

Tax Refund Offsets for Unpaid Child Support

The Department of Treasury’s Bureau of the Fiscal Service (BFS) issues IRS tax refunds and Congress authorizes BFS to conduct the Treasury Offset Program (TOP). Through the TOP program, BFS may reduce your refund (overpayment) and offset it to pay: Past-due child support; Federal agency non-tax debts; State income tax obligations; or Certain unemployment compensation debts owed… Read More »

Splitting Federal Income Tax Refunds with IRS

You have several options for receiving your federal income tax refund. You can: Split your direct deposit refund among two or three different accounts, with up to three different U.S. financial institutions; Direct deposit your refund into a single checking or savings account; or Receive your refund in a paper check. Buy up to $5,000… Read More »

How to Direct Deposit Your Tax Refund from IRS

Direct Deposit: The Best and Fastest Way to Get Your Refund The best and fastest way to get your tax refund is to have it electronically deposited for free into your financial account. The IRS program is called direct deposit. You can use it to deposit your refund into one, two or even three accounts.  … Read More »

2016 Tax Season Refund Frequently Asked Questions

2016 Tax Season Refund Frequently Asked Questions   How quickly will I get my refund? We issue most refunds in less than 21 calendar days. What is the best and fastest way to get information about my refund? Use the IRS2Go mobile app or the Where’s My Refund? tool. You can start checking on the status of your tax… Read More »