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With peak tax season approaching, you have a chance to use your refund to boost your savings strategy and maximize its value long after filing your tax return.High-yield savings accounts offering ...
Getting an early start also could help you avoid refund delays. As of December 23, the IRS had over 6 million unprocessed returns, Manuel Dominguez, a senior tax research analyst for H&R Block’s ...
Claiming either the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) can also slow down a tax refund. That's because, by law, the IRS can't issue refunds for returns that ...
Other needed items could include Form 1095 if you got coverage through the health insurance marketplace as well as any tuition, mortgage interest, and real estate tax receipts.
The IRS’s update on the progress of tax season this year so far shows that average tax refund amounts are up 18.6% versus the same time last year, total filings down slightly to date.
The average tax refund amount was $3,028 as of Mar. 3, down 11% from $3,401 the same period last year. Tax refunds still 11% smaller than last year with a month left in the filing season [Video ...
The tax agency says that most refunds are issued in fewer than 21 calendar days. That means someone who files their taxes on Jan. 27 could receive their refund by February 17, if all goes smoothly.
Key Points from 24/7 Wall St. Financial guru Suze Orman says getting a tax refund is a huge mistake. You're giving the government an interest-free loan and getting nothing in return.