What will i be getting back from my taxes

Your exact refund amount. Expect extended delays if you mailed your return or responded to an IRS Notice. We update Where's My Refund daily, usually overnight. Otherwise, you should only call if it has been: 21 days or more since you e-filed "Where's My Refund" tells you to contact the IRS Do not file a second tax return. Some tax returns take longer to process than others for many reasons, including when a return: Needs a correction to the Recovery Rebate Credit amount Is incomplete Is affected by identity theft or fraud Includes a claim filed for an Earned Income Tax Credit or an Additional Child Tax Credit using income.

Includes a Form , Injured Spouse Allocation PDF , which could take up to 14 weeks to process Needs further review in general We will contact you by mail when or if we need more information to process your return. Refundable tax credits go into your tax refund if they exceed what you owe. Our tax return calculator will take all of this into account when figuring out what you can expect at tax time. Our tax return calculator will estimate your refund and account for which credits are refundable and which are nonrefundable.

In other words, you might get different results for the tax year than you did for You can also use our free income tax calculator to figure out your total tax liability. Using these calculators should provide a close estimate of your expected refund or liability, but it may vary a bit from what you ultimately pay or receive. Doing your taxes through a tax software or an accountant will ultimately be the only way to see your true tax refund and liability.

Many taxpayers prefer to get their tax refund via direct deposit. Depending on the complexity of your tax return, you could get your tax refund in just a couple of weeks. To get a timeline for when your refund will arrive, you can go to www. In a given tax year, you may want to know how big your refund will be so you can plan what to do with it.

You may want to use it to boost your emergency fund, save for retirement or make an extra student loan or mortgage payment. You can also run the numbers through a tax refund calculator earlier in the year to see if you want or need to make any changes to the tax withholdings from your paycheck. Scroll over any county in the state to learn about tax returns in that specific area. Methodology Each tax season millions of U. Meanwhile, some taxpayers end up owing money to the IRS after filing their taxes because they underpaid throughout the year.

SmartAsset analyzed data from the IRS to determine the counties where people received the highest average tax refunds and the counties where people owed the most money after filing their taxes. To determine the counties that received the highest average refunds, we divided the total amount of money refunded by the IRS in each county by the number of refunds issued in each county.

We did the same to calculate the average amount owed, by dividing the total taxes owed in each county by the number of filers that still owe taxes. We then ranked and indexed each of the counties where residents receive the highest average refunds and where residents pay the most after filing their taxes. What is an Index Fund? How Does the Stock Market Work? What are Bonds? Investing Advice What is a Fiduciary?

What is a CFP? I'm an Advisor Find an Advisor. Your Details Done. Enter your location Do this later Dismiss. Most Americans are required to pay federal income taxes, but the amount you owe depends on a few factors.

For many, this is the amount withheld from their paychecks by an employer. If you paid less, you may owe a balance. Our free tax calculator is a great way to learn about your tax situation and plan ahead. We can also help you understand some of the key factors that affect your tax return estimate. Your taxable income is your adjusted gross income minus deductions standard or itemized.

This is the total amount withheld from your paychecks and applied directly to your federal tax bill over the course of a year based on your W-4 allowances. Deductions are used to lower your taxable income, while tax credits are subtracted from the amount you owe.

Your tax bracket is determined by your taxable income and filing status.