| The best part about filing your taxes is getting the tax | | | | accountant or specialist. You must also make the |
| refund check! Chances are, you have been paying | | | | deadline, which is usually in April, or file for an extension. |
| your taxes directly, or your employer has been | | | | You can find more information on these topics at the |
| withholding tax dollars from your paychecks. Many | | | | IRS website. |
| individuals overpay on their taxes, so they quickly file | | | | Most individuals opt to file taxes on their own to save |
| their taxes to get their tax refunds and soon as | | | | from having to pay professional fees to tax specialists. |
| possible. | | | | Thanks to the Internet, almost anyone can easily file |
| How do tax refunds work? | | | | their taxes online! There are many software and |
| Your employer withholds some of money from your | | | | program choices available online. |
| paycheck, based on a formula and the information you | | | | You will need your W2's or 1099's, and other |
| provided on your W4 when you got hired. This | | | | documents to file your taxes. Once you have these |
| withheld amount is applied towards your tax payment | | | | documents, you can use online tax filing programs to |
| to the IRS. | | | | plug in your information. Tax filing programs are easy |
| Because the formula is only based on the allowances | | | | to use, with clear instructions and instant help. The |
| you showed on your W4 and of your paycheck, it | | | | program will guide you through each step, and will even |
| doesn't take other factors of your life into | | | | help you find deductions to maximize your deductions |
| consideration. For example, hospital expenses, tuition | | | | and refund checks! |
| payments, and childcare expenses aren't considered. | | | | Where do I get my tax refunds? |
| When you file your taxes, you have the opportunity to | | | | You will usually receive your tax refund checks in the |
| claim these expenses as deductions. A deduction | | | | mail within three weeks. When you file your taxes |
| reduces your overall income. Therefore, you owe less | | | | online, you can also choose to have your tax refunds |
| in taxes and are qualified for tax refunds. | | | | directly deposited into your bank account. All you need |
| Because you pay taxes to both the federal | | | | is your bank account and routing numbers, which you |
| government and to the state, you might receive two | | | | can easily locate at the bottom of your personal |
| tax refunds. The amount will depend on how much | | | | check. When you choose the direct deposit option, |
| you have overpaid throughout the year. To make sure | | | | you'll receive your check in half the time. |
| you receive both tax refunds, you will have to file your | | | | The most important thing to remember about tax |
| taxes with both the federal government and the state | | | | refunds is that you have to file to receive them. So |
| government. | | | | save all your receipts and documents for deductions, |
| How do I get my tax refunds? | | | | and get your tax returns in by April -your money is |
| To get your tax refunds, you have to file your tax | | | | waiting! |
| returns. You can do this on your own or by hiring a tax | | | | |