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Related Tax Questions
If your wages are garnished can they also take your tax refund?
When your wages are garnished that means you had acquired a debt from a lender (can be mortgage debt, credit card debt, etc.) and...... Read More
Can credit card creditors take your income tax refund?
There are only three conditions in which your tax refund is in danger of being seized. One is if you default on your...... Read More
What age does earned income credit stop?
When someone is granted Earned-Income Credit, or EIC for short, that means they, either single or married, are part of the working.... Read More
Do you have to file taxes on an inheritance?
Taxes are pretty strict. You must pay taxes on your income, your property, your estate, your goods and services you pay for every day, hotel taxes, and...... Read More
When and how was federal income tax introduced?
Taxes have been around for a long period of time. The first form of taxes came from Ancient Egypt as citizens had to pay with labor or...... Read More
What is the dividend received deduction?
A dividend is a sum of money paid by a company to its shareholders from their profits. A deduction is a subtraction by tax in...... Read More
Do welfare recipients have to pay income taxes on payment received?
Welfare was created in the 1930s to help families who were absolutely decimated by the Great Depression. It is a publicly funded state-wide... ... Read More
Are bank overdraft fees tax deductible?
If you happen to write a check or swipe your debit card for an amount you currently do not have the funds for that will result in a bank overdraft...... Read More
On a repossion can the IRS collect for the bank?
Say for example you buy a car on credit from a dealership. On paper, the bank paid for your car so that makes you a debtor and the bank a...... Read More
Can a lender take your tax refund until the debt you owe is settled?
Being in debt creates a lot of problems. Everyday your debt gets a little higher due to interest owed. But in the world of taxes a lender...... Read More
What benefits are there towards having a dependent(s)?
You are required by law to file your tax return every year before the April 15th deadline. For most people, you must file a correct number of...... Read More
Can I receive a tax refund greater than what I paid in?
A tax refund is treated like a payment of tax you made during the year. You get the credit, even if you do not owe tax.... Read More