-
Does FreeTaxUSA offer refund advance loans?
Contributed by: WrenD, FreeTaxUSA Agent, Tax Pro When it comes to accessing your tax refund quickly, many taxpayers wonder, "Does FreeTaxUSA offer refund advance loans?" The answer is no, FreeTaxUSA does not offer refund advance loans, also called a refund anticipation loan or RAL. However, we do offer an alternative that…
-
Why is my federal tax refund delayed?
Contributed by: PhillipB, FreeTaxUSA Agent, Tax Pro Not receiving your tax refund when expected can be extremely frustrating. To make the issue worse, the IRS is not very clear as to why your refund is taking more time. While FreeTaxUSA doesn't have any control over IRS refund processing, we can provide some ideas on why…
-
Does it make sense to apply my refund to next year?
Besides simply receiving your refund as a direct deposit, a check in the mail, or as I-Bond purchases, you can also choose to have your refund applied to the tax on next year’s tax return. Here are a few reasons why this might be a good idea: You pay estimated taxes each year, and you know that your tax liability is likely…
-
How can I receive my tax refund?
With FreeTaxUSA there are three main options for how you can receive your refund: Direct deposit to your bank account You can deposit the federal refund into as many as three accounts. You can purchase I Bonds with the direct deposit of your refund. Checks from the IRS or your state by mail. You can purchase I Bonds if you…
-
How do I increase my refund?
You may have a few options to increase your refund for the upcoming year, but there is almost nothing that can be done to increase your refund by the time you are working on your tax return. Generally, the only thing that can change your refund after December 31st is to make contributions to a traditional IRA. Here are…
-
How do I compare tax returns?
If you want to find out why your tax refund has gone down or you owe taxes this year, you can do a side-by-side comparison of this year’s tax return compared to last year’s tax return. Grab your PDF copy or paper copy of both this year’s tax return and last year’s tax return. Compare them page for page or split your screen…
-
Why is my refund so small?
Many Americans look forward to a large refund when filing their federal income tax return each year. If you are getting less money back in your refund this year, there may be several reasons. Possible reasons for a smaller refund Your employer has out-of-date W-4 information. You need to adjust your W-4 for any of the…
-
When will I get my refund?
Haven’t gotten your IRS refund yet? Don’t panic. We’ve all been there anxiously awaiting the prized refund from the IRS. Keep in mind, the IRS reports that 9 out of 10 refunds are issued in 21 days or less. So why the delay? Your tax return may require additional review and will take longer to process. The IRS's Taxpayer…