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When expecting a refund from your state government, the exact timeline varies based on several factors, including your specific state. Just like with your federal tax return, the processing time ...
That state tax refund you just got is a nice little chunk of change; but, before you spend it, ask yourself this: Will I need to pay taxes on it when I file taxes next year? Depending on the method...
Submit your tax return according to your state’s instructions. Many offer e-filing options, which often result in the fastest returns, but may allow you to send returns by mail, too.
Returns are also required by partnerships doing business in the state. Many states require that a copy of the federal income tax return be attached to their state income tax returns. The deadline for filing returns varies by state and type of return, but for individuals in many states is the same as the federal deadline, typically April 15.
For example, if you deducted $1,500 in state taxes last year, but your state refund this year was $2,000, you only need to report a tax refund of $500 on your federal income tax return.
Most people will get their tax refund within three weeks of filing, but it varies based … Continue reading → The post Tax Refund Schedule 2023 appeared first on SmartAsset Blog. Skip to main ...