Posted on 04/19/2010 9:18:11 AM PDT by Slyscribe
Amid all the optimism that the consumer is back, its worth considering one of the reasons why: a huge tax refund season.
As the economy was nose-diving last spring, most people probably overlooked the record-smashing $259 billion in refunds awarded (as of April 24) roughly $40 billion, or 17% ahead of the 2008 tax season.
Back then, panic was in the air, consumers were retrenching and the refunds acted as a Band-Aid on an open wound. But this year, with an economic upturn under way, an even more rewarding tax season is serving more as a vitamin boost.
New IRS data out Friday show that refunds are running about $10 billion ahead of last years record pace, even though the agency has processed 4% fewer returns.
(Excerpt) Read more at blogs.investors.com ...
You need to have a word with your HR department: I’m fairly certain you can legitimately claim extra exemptions from withholding on the basis of anticipated deductions, not just dependents.
I did not get any money? Send me the form to fill out.
You have to go down to your local state healthcare agency to get the form - you know ... the same state agncy where you can sign up to get your free healthcare started immediately ...
What’s the real difference between the rebate check and the refund?
Rebate is your taxes have been cut (rates lowered after you paid).
Refund is you overpaid to begin with.
Not the amount one may get back each year, the check we received a few years ago from the IRS...rebate or refund?
The check that came outside of tax filing was a rebate. And it didn’t have to be declared on the subsequent tax statement as Obama’s check in 2009 did.
What refund? Everyone in this house had to pay.
ok, thanx
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