March 9, 2013 |
Many taxpayers think that getting a federal refund is a big deal. They look forward to it all year. It's the largest lump sum lots of people receive, according to the American Tax and Financial Center at TurboTax, the tax software company. Last year, the average federal tax refund was about $2,800, about $100 less than in 2011, according to the Internal Revenue Service. In 2010, the average refund was about $3,000. Typically, you pay your federal taxes by having a portion withheld from your pay. If too much is withheld, you get a refund.
June 2, 2009 |
Attorneys for imprisoned former lobbyist Jack Abramoff said yesterday that his wife and five children are living "just above the poverty line" and he should be permitted to continue spending a tax refund of more than $500,000 to pay back his lawyers and creditors, as well as those who have helped his family make ends meet. The filing by Abramoff's legal team came in response to move by the Justice Department last month to stop Abramoff from using the tax refund to pay his bills. The government lawyers told U.S....
May 21, 2009 |
Convicted lobbyist Jack Abramoff should not be allowed to use his tax refund of more than $500,000 to pay back his lawyers, accountants and others because he has yet to make restitution for the millions of dollars he defrauded from Indian tribes he represented, the Justice Department says. Abramoff, who has been in prison since 2006, received a $520,189 refund from the IRS on May 4. After his lawyers notified the government, Justice asked a federal judge today to stop Abramoff from paying his bills.
April 4, 2012 |
Last year the IRS cut nearly 120 million refund checks with an average amount of nearly $3,000 each. If you're in line for a nice fat refund this year, creating a game plan before the money hits your checking account can help ensure it generates maximum value. Paying down credit card debt, shoveling more money into an emergency cash fund and funding your 2012 IRA are solid go-to refund moves. But c'mon, do you need to hear that again? Didn't think so. Here are some other ideas for this year's tax refund.
April 14, 2013 |
It's national Tax Day on Monday, when many taxpayers turn their thoughts to the refund checks they're expecting sometime in the next few weeks. But in Virginia this year, the state stopped issuing tax refund checks, instead sending the money to individual bank accounts via direct deposit or offering a debit card with the refund on it. Yes, there's a catch: As with all debit cards, there can be fees . Fees for cash withdrawals. Fees for balance inquiries....
April 19, 2009 |
Q I filed my tax return a few weeks ago. When will I get my refund? AIf you have filed your tax return, you're probably wondering when that refund money is going to arrive. Most people will receive a big chunk of cash this year: The average refund for people who have filed so far is about $2,700, which is 11 percent higher than last year's figure. You should expect to get your refund about six weeks after the IRS receives your paper return, or within three weeks after the acknowledgment date if...