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You can stay current on processing times for tax returns and refunds on the FTB’s website. As of March 6, the website reported it takes one month for a personal refund to process.
The 2024 tax deadline of April 15, 2025, is fast approaching, and you want to be sure to file your taxes on time. If you’re getting a refund, it’s even more important to file in a timely ...
Furthermore, this could slow down IRS operations, including tax refund processing, as resources may shift toward oversight and compliance,” said Ray. A Federal Flat Tax.
Tax refunds are intercepted with the purpose of forcing citizens to comply to their required debts. If one has student loan payments, child support payments, or worker's compensation payments that they have not fulfilled, then their refund will be intercepted and put towards the payments of those obligations.
There is an additional 1% tax (the California Mental Health Services Act tax) if your taxable income is more than $1,000,000, which results in a top income tax rate of 13.3% in California which is the highest statewide income tax rate in the United States. [42] The standard deduction is $4,601 for 2020. [43]
Hold onto your W-2s! The 2024 election could shake up your tax refund faster than you can say "1040-EZ." With Kamala Harris potentially taking the Oval Office, many Americans are wondering if their...
One exception to the requirement to file 1099-C is when a student loan has been discharged due to the death or permanent disability of the borrower under provisions of the Tax Cuts and Jobs Act of 2017. The IRS has issued a notice that lenders or servicers of loans discharged under these provisions are not required to issue Form 1099-C, and ...
The IRS lists the following issues that might extend the tax refund processing time and delay your refund: Amended return refunds take about 16 weeks. You’re filing an injured spouse claim.