All posts tagged tax refund

  • What to do if you miss the tax deadline

    US TAX Deadline

    Step one: Don’t panic!

    Missed the April 17th deadline? Don’t panic! Nearly 30% of taxpayers are unable to organize their documents before the deadline. But you can still fix this! Here are a few important things you should consider if you missed the tax deadline.

    (1) If you are due a refund or your tax return shows no tax liability

    Tax refund

    If you’re entitled to a refund or your tax return shows no tax liability, you may not be fined for filing late. If you’re due a refund, you should file as soon as possible to get it. You may be entitled to a refund if you had too much tax withheld from your wages or you qualify for certain tax credits.

    Sprintax will help you determine if you are due a refund.

    It’s important to note that there is a time restriction on claiming a federal tax refund. So, if you don’t file within three years from the due date of your tax return (17th of April, 2018 for 2017 tax year), you may not receive your refund.

    In addition, there are some tax refund policy changes for late filing taxpayers that the IRS is implementing and these may affect how quickly you will receive your refund.

    (2) If you owe tax

    USA flag and American dollars. American flag blowing in the wind and 100 dollars banknotes in the background. USA flag and American dollars. American flag blowing in the wind and 100 dollars banknotes in the background

    If you have underpaid tax, keep in mind that both late filing and late payment penalties may be charged on top of your tax liability. The failure-to-file penalty is the bigger portion of your penalty, and after 60 days of delay its minimum amount will be $205. So if you have not filed form 4868 – Extension to file – you may need to submit your tax return to the IRS as soon as possible in order to avoid a further increase of your fine.

    Your failure-to-pay penalty will depend on the amount of tax you owe. The percentage of the penalty increases over time, so even if you are not ready with your documents, the more tax you pay on time (before the deadline) the less interest and penalty charges you will accrue.

    If you are unable to pay your tax on time, you can choose to enter into installment agreement with the IRS. There are certain conditions you will have to meet and Sprintax tax experts can help you if you choose to request an installment agreement from the IRS.

    Summary

    If you missed the deadline, the best thing you can do is to prepare your tax documents and file your tax return as soon as possible!

    Sprintax can help you to prepare your tax return and determine if you’re entitled to a refund.

     

  • Here’s everything you need to know about the W-2 tax form

    Your questions answered!

    The tax filing deadline is on the horizon and quickly approaching! And most employees are now on the lookout for their W-2 tax form. But why is this little form so important?

    Here’s everything you need to know.

    What is a W-2 Form and why do I need it?

    The Internal Revenue Service (IRS) requires every employer that is engaged in a trade or business, and that pays remuneration for services performed by an employee, to file a Form W-2 for each employee.

    You will find the W-2 Form to be very useful when you are filing your end of year tax return. The form includes  important details regarding your total gross earnings including wages, tips and taxable fringe benefits, Social Security earnings, Medicare earnings, and the Federal and State tax that is withheld.

    How do I read a W-2?

    The information is divided into different sections on the form.

    For example, in Box 1 you will find information about your annual wage and salary payments, together with the amount of federal tax withheld from it in Box 2. Other boxes on the W-2 form such as 3, 4, 5 and 6 include your wages subject to Medicare tax, Social Security tax and the amount of these taxes withheld from your income. Boxes 15 to 20 provide information about each state you worked in, state income subject to tax in this state, and the amounts of state and local taxes withheld, if applicable.

    Important elements like your name, surname, address and SSN or ITIN (social security number or individual taxpayer identification number) as well as your employer’s EIN (employer’s identification number) are also included on the form.

    Note: While you read your W-2, always double check that the information is correct. If you find any errors, inform your employer immediately about the mistakes so they can amend them before you start your yearly tax return.

    When is the deadline?

    Your employer must provide you with your W-2 form by 31 January after the end of the tax year to which it relates (for example, you must receive your W-2 form by 31 January 2018 for the year ending on 31 December 2017).

    What if I still haven’t received my W-2?

    If this deadline has passed and you still have not received your W-2 form from your employer, you should contact them immediately to confirm that it was sent and that it was dispatched to the right address. Your employer may also provide your copy via a secure link online.

    Alternatively, you can contact the IRS or use Sprintax offline services provided by our team of tax professionals.

    Got all your income documents?

    Good for you!

    If you have received your W-2 Form, as well as any other required income documents (such as 1042-S or 1099’s) you can use Sprintax to prepare your tax returns online. Last year Sprintax assisted approximately 100,000 international students, scholars and non-resident professionals with their tax returns. What’s more, 90% of those that had a Federal filing requirement were also due a refund!

    Get started with Sprintax today and our live chat team will guide you through your tax return!

     

     

  • GOP Tax Reform and its effects on the taxation of foreign students and other non-resident aliens

    We examine how the bill effects the tax obligations of US non-residents

    In November 2017, President Donald Trump introduced a GOP tax reform bill that will have wide ranging consequences for all US tax payers.

    There has been much confusion surrounding the new bill and tax payers have been keen to work out what the changes will mean for their pockets.

    Below we take a look at how the bill will affect the future tax obligations of US non-residents. Most of the changes have taken effect from January, 2018 and will change methods of withholding and the way non-residents will be taxed throughout 2018.

    It’s important to note that these amendments do not affect the 2017 tax return filing season.

    Changes to the current tax law:

    1) Personal exemption will be waived in full

    Permanent amendment

    Effective date: 31 December 2017

    This change means that the personal exemption available for all non-residents to decrease taxable income is reduced from $4,050 in 2017 to $0 in 2018 for all individuals (residents and non-residents).

    In other words, overall taxable income has increased for all non-residents

    2) Standard deductions increase from $6,350 to $12,000

    Permanent amendment

    Effective date: 31 December 2017

    This change will only effect students and trainees from India who are covered by an income tax treaty between the US and India. From the 2018 tax year onwards, they will be able to claim higher standard deductions on their non-resident form.

    All other non-residents are not entitled to avail of standard deductions.

    3) Tuition waivers for tuition and books under Section 529(c) for university students (education next to secondary) will be taxable in full

    Permanent amendment

    Effective date: 31 December 2017

    In previous tax years, tuition waivers under 529(c) were considered non-taxable and non-reportable. They were treated in a similar fashion as scholarships under Section 117.

    However, this will no longer be the case. The Tuition waiver is now taxable as of the 2018 tax year. Scholarships under section 117 will remain non-taxable and non-reportable.

    4) SALT (State and Local Taxes) will be retained for the tax years 2018 to 2025 (inclusive), but they are capped at $10,000 ($5,000 for married people who file separately)

    Temporary amendment for tax years 2018 to 2025 (inclusive)

    Effective date: 31 December 2016

    Most non-residents (including students and other exchange visitors) can only use SALT as an itemized deduction on their Schedule A, 1040NR form or line 11, 1040NR-EZ form. The State and Local Taxes (SALT) deduction decreases taxable income by the amount paid to state and local tax government during the tax year.

    This change sets a cap on SALT deductions to $10,000 which may not affect the deduction most of the students and scholars are eligible for. However, some non-residents paying larger state and local taxes may be unable to use all of them as a deduction.

    5) State taxes paid for previous tax years during the current tax year are no longer allowed

    Permanent amendment

    Effective date: 31 December 2016

    Under the former terms of SALT, individuals could claim state taxes for previous years that they were paying for in the current tax year. In other words, if a student paid their 2015 and 2016 state taxes during the 2017 tax year, they could claim that this added to SALT.

    However, this will no longer be allowed from the 2018 tax year.

    6) Miscellaneous itemized deductions are not allowed

    Temporary amendment for tax years 2018 to 2025 (inclusive)

    Effective date: 31 December 2017

    Expenses under section – Job Expenses and Certain Miscellaneous Deductions, at Schedule A include:

    • Unreimbursed employee expenses (2106 form)
    • Tax preparation fees
    • Other expenses (investment expenses, deposit box and etc)

    Most students are not allowed to use itemized deductions (except for tax preparation fees and SALT). Additionally, some teachers, researchers and other cultural exchange visitors are eligible in some cases to use business expenses and expenses for professional equipment.

    But from 2018 onwards, all of these expenses – tax preparation and business expenses – are not allowed for all resident and non-resident individuals.

    7) Moving expenses are not allowed, except if a taxpayer is an employee of the US Armed Forces

    Temporary amendment for tax years 2018 to 2025 (inclusive)

    Effective date: 31 December 2017

    Moving expenses (which are not covered by the employer) for starting a new job in the US, used to be allowed as a deduction. Usually, this deduction could not be granted to a student, however many teachers and researchers were entitled to avail of it.

    But from the 2018 tax year, this deduction is suspended.

    8) Expenses for personal casualty loss and theft are not allowed, except if they are under disaster area rules

    Temporary amendment for tax years 2018 to 2025 (inclusive)

    Effective date: 31 December 2017

    While expenses for personal casualty loss and theft are very rare among students and exchange visitors, this cohort had been entitled to them. This will no longer be the case from the 2018 tax year onwards.

    9) Change of the treatment of effectively connected income for non-residents: “effectively connected with the conduct of a trade or business within the United States (within the meaning of section 864(c), determined by substituting ‘qualified trade or business (within the meaning of section 199A)’ for ‘non-resident alien individual”

    Permanent amendment

    Effective date: 31 December 2017

    From the 2018 tax year onwards, ‘qualified trade or business’ will not include ‘trade or business of performing services as a non-resident employee’.

    This change is likely to have a noticeable effect on most non-residents income in regards to the option to treat FDAP (Fixed, Determinable, Annual or Periodic) income as affectively connected. This change will mainly affect Procedure 88-24, however it may also effect the tax rates for employment income.

    The IRS will be supplying further details on this change in the near future.

    10) Withholding on employee income by the employer

    Permanent amendment

    Effective date: 31 December 2017

    While the certificate of allowance (currently W-4) will remain the same for 2018, the calculation of the amount to be withheld was changed from 1 January 2018.

    The changes surrounds ‘Notice 1036’. The main change detailed (so far) is that standard deductions allowable will be the only eligible deduction considered before the monthly (periodical) tax withholding is calculated.

    As non-resident aliens do not have the right to avail of standard deductions, they will now be taxed on their whole income.

    The changes must be implemented by employers before 15 February 2018.

    11) Tax rates are changed into 4 brackets

    Permanent amendment

    Effective date: 31 December 2017

    New tax brackets for a single individual:

    Not over $9,525                        –                              10% of taxable income.

    Over $9,525 but not over $38,700         –           $952.50, plus 12% of the excess over $9,525.

    Over $38,700 but not over $82,500            –      $4,453.50, plus 22% of the excess over $38,700.

    Over $82,500 but not over $157,500      –         $14,089.50, plus 24% of the excess over $82,500.

    Over $157,500 but not over $200,000    –         $32,089.50, plus 32% of the excess over $157,500.

    Tax tables for resident and non-residents currently in use will be waived.

    Procedure 88-24

    As a result of the changes in points 3, 4, 7 and 8, it is not yet clear whether Procedure 88-24 (for the treatment of scholarship as wages on W-2 form) will be waived or simply be non-beneficial anymore (except for India students and trainees who can use standard deductions under their tax treaty agreement).

    Procedure 88-24 is an alternative procedure for the calculation of withholding amounts on scholarships that enable the use of personal allowances (and itemized or standard deductions) as a tax deduction, leading to a decrease in the taxable scholarship. As all of these items will no longer be available, the Procedure 88-24 will not be applicable next year.

    It might also be waived by the change of the treatment of the term “trade and business” in relation to non-residents. This treatment may cause the scholarship to be ineligible and treated as effectively connected income (wages) in future.

    Confused about your tax obligations?

    Sprintax can prepare your Federal and State tax returns for you. And we guarantee to maximize your tax refund too. Last year, 9 out of 10 Sprintax users with a Federal filing requirement were due a tax refund. What’s more, the average Federal refund was over $1,000.

    So what are you waiting for? Get started today!

  • 5 ways to maintain a valid F-1 visa status

    Can I leave and return to the US on an F-1 visa?

    Am I entitled to work during the semester?

    How long can I stay in the country after my program is finished?

    All your F-1 visa questions answered!

     

    Dreaming of American college life?

    Getting your hands on an all-important F-1 visa is a big step towards turning that dream into a reality. But getting an F-1 visa is one thing, maintaining it is another.

    As a student, there are a number of important rules and regulations that you must follow in order to maintain your F-1 visa status. If you don’t do so, you will not be allowed to re-enter the US if you leave, and you won’t be eligible for practical training (OPT or CPT) or on-campus employment.

    So, with this in mind, here are our top 5 tips for maintaining a valid F-1 visa status

     

    (1) Arriving in the US

    Once you receive your F-1 status, you’ll without a doubt be eager to hit the ground running with your studies.

    But don’t be too eager!

    One of the requirements of the F-1 visa is that you don’t arrive in the US more than 30 days before the first day of classes.

    You’ll also need to link in with your institution’s international office within 30 days of your arrival. Be sure to provide them with your local address in order to keep your SEVIS (Student and Exchange Visitor Information System) record up-to-date. And if you change your local address at any time while in the US, you will need to notify them of this.

    Once you have completed your program, you will have 60 days to leave the US.

    But what if you want to stay extend your American college dream?! To stay in the US you will need to pursue one of the following options:

    • Re-enrol in a higher program
    • Transfer to another school to receive a new Form I-20 (Certificate of Eligibility for Non-immigrant Student Status)
    • Apply to change your visa status

     

    (2) Attendance and grades

    All F-1 visa holders are required to be enrolled full time, go to class and maintain passing grades.

    Students who are having difficulty in classes, should notify their international advisor. And if it’s not possible to complete your program by the date stated on your Form I-20, your international advisor can help you request an extension.

    Full-time enrolment can differ depending on your student status. For example, undergraduate programs require students to enrol in at least 12 credit hours each semester during the academic year.

    Meanwhile, each graduate program defines their own unique combination of credit hours and research time to be considered ‘full-time enrolment’. To uphold your F-1 visa status, it’s best to confirm the enrolment requirements with your college.

     

    (3) Working

    It’s common for students to seek full or part-time employment while they study in the US. But be careful, not all types of employment are eligible under the conditions of an F-1 visa.

    For instance, F-1 students who want to work off campus can only do so in roles that are related to their studies (more on this below). Most of the other off campus roles are not authorised under F-1 and you will need permission by a DSO (Designated School Official) in special circumstances to do this work.

    It’s important to note that, if you choose to work without the proper authorization, your visa can be revoked and you may have to leave the US.

    F-1 students are entitled to find employment on campus.

    However, while school is in regular session, a student can’t work for more than 20 hours per week. During extended holidays, breaks and summer sessions, you can work full time (up to 40 hours per week).  If you are confused whether a job is considered on-campus employment, ask the employer before you accept the role.

    Optional Practical Training (OPT)

    F-1 students are permitted to work off-campus in Optional Practical Training (OPT) status both during and after completion of their degree. You can apply for OPT after being enrolled for at least 9 months, but you can’t begin employment until you receive your Employment Authorization Document (EAD) and you have been enrolled at the college for at least a year.

    To qualify as OPT:

    • The employment must be directly related to your major
    • You must apply for OPT before completion of all work towards a degree
    • OPT is permitted for up to 12 months (full-time) in total
    • You can complete 12 months of OPT for each successive level of degree achieved – for instance 12 months of OPT after receiving your undergraduate degree, and a further 12 months after receiving your graduate degree.

    OPT before completing a degree:

    • You must be enrolled in school full-time
    • You can only work 20 hours per week while school is in session
    • But you may work full-time during summer and other breaks (as long as you will return to school after the break)
    • You may work full-time after completion of all coursework, if a thesis or dissertation is still required and student is making normal progress towards the degree

    OPT after completing a degree:

    • After completion of your degree, OPT work must be full time (40 hours/week)
    • All OPT must be completed within 14 months after completion of your degree
    • Applications for post-completion OPT must be submitted before the completion of your degree

    Curricular Practical Training (CPT)

    Curricular Practical Training (CPT) is another off-campus employment option for F-1 students where practical training is an integral part of their curriculum or academic program. CPT employment is defined as ‘alternative work/study, internship, cooperative education, or any other type of required internship or practicum that is offered by sponsoring employers through cooperative agreements with the school’.

    To be eligible for CPT employment:

    • You must have been enrolled in school full-time for one year on valid F-1 status (except for graduate students where the program requires immediate CPT)
    • The CPT employment must be an integral part of your degree program or requirement for a course for which you receive academic credit
    • You must have received an eligible job offer before you submit your CPT authorization request
    • Your job offer must be in your major or field of study

    Note: All OPT and CPT employment requires prior authorization from your school’s International Student Office. And if you work for 12 months or more of full-time Curricular Practical Training (CPT) you will not be eligible for OPT.

     

    (4) Leaving and re-entering the US

    Thinking of heading home for a holiday during a break in semester?

    As long as your absence from the US is for no less than 5 months, you will have no problem leaving and re-entering the US on an F-1 visa.

    However, you will need to have some important documents in order to ensure your re-entry to the US is successful. These include:

    • a valid Form I-20 (Certificate of Eligibility for Non-immigrant Student Status) with a current DSO signature (valid for one year) from the school that you attend in the US
    • a valid F-1 student visa stamp
    • a valid passport or travel document

    To maintain your F-1 visa status you will need a passport that is valid for at least six months into the future. Your country’s consulate or embassy can help you extend your passport if needed.

    Note: If you have completed your program you will not be able to re-enter the US as an F-

    1 student unless you have been admitted to a new program of study and have a new Form I-20, or you are returning to an authorized OPT job.

     

    (5) Don’t forget your taxes!

    To maintain a valid F-1 visa, you are required by law to file a tax return if you were in the US during the previous calendar year. Filing a tax return is probably the last thing you’ll want to do when you’re enjoying an exciting time in the US. Fortunately help is on hand!

    Sprintax can prepare your Federal and State tax returns for you. And we guarantee to maximize your tax refund too! Last year 9 out of 10 Sprintax users with a Federal filing requirement were due a tax refund. What’s more, the average Federal refund was over $1,000.

    So what are you waiting for? Get started today!

     

  • Where’s My Tax Refund?

    If you are due money back on your federal or state taxes, you ’ll want to know when you can expect that refund check or direct deposit to arrive. You can now get information about your tax refund(s) online. Read below to understand how it works.

    • Checking your Federal tax refund online

     The IRS has an online tool called “Where’s My Refund?” that allows you to check the status of your refund. When you go to the IRS website to get your tax return, the system will ask you for variety of information. Have a copy of your federal tax return on hand so you can enter the information easily. The system will ask for the following:

    • Your Social Security Number, or your Individual Taxpayer Identification Number
    • Your filing status (Single or Married Filing Separate Return for non-residents)
    • The exact dollar refund amount shown on your tax return

    Please have in mind before looking up your refund at Where’s my Refund that The IRS has advised you to wait 4 to 6 weeks after you mail your return.

    You can also check the status of your refund over the phone by calling one of the following numbers:

    • The first is the IRS Refund Hotline which can be reached at 800-829-1954. This number, available 24/7, is specifically for calls regarding tax refunds.
    • The IRS TeleTax system at 800-829-4477 provides general tax information as well as your current refund status. It is also available 24/7
    • Checking your State tax refund online

    You can check the status of your state tax refund using the online refund status tools on each state’s website. Click on the links mentioned below to go directly to your state’s refund status tool.

    Alabama (AL)

    The Alabama Department of Revenue has announced it will take 8-12 weeks to receive a refund from the date a return is accepted.

    To check the status of your Alabama state tax refund, go to My Alabama Taxes and then click Check on My Refund Status.

    For more information, contact the Alabama Department of Revenue.

    Alaska (AK)

    AlaskaFloridaNevadaSouth DakotaTexasWashington, and Wyoming don’t have income tax. If you received income such as wages, scholarship or any other earnings and/or income, you don’t need to file a return in that state.

    In addition, New Hampshire and Tennessee only tax interest and dividend income, not wages, scholarship, earnings, or other type of income.

    Arizona (AZ)

    The Arizona Department of Revenue has announced that the processing of a paper filed tax return can take up to 12 weeks to process.  For a refund to be direct deposited or mailed, it may take up to an additional seven days from the date the tax return completed processing.

    Click here to check the status of your Arizona state tax refund.

    For more information, contact the Arizona Department of Revenue.

    Arkansas (AR)

    The Arkansas Department of Finance & Administration has announced it can take approximately 6 weeks to receive a refund from the date a return is accepted due to enhanced security measures.

    Follow this link to check the status of your Arkansas state tax refund, and then click Where’s My Refund?

    For more information, contact the Arkansas Department of Finance and Administration (scroll down to the Individual Income Tax section).

    California (CA)

    The State of California Franchise Tax Board has announced it can take approximately 4 weeks to receive a refund (for paper filed returns). Some tax returns need extra review for accuracy, completeness, and to protect taxpayers from fraud and identity theft. Extra processing time may be necessary.

    Follow this link to check the status of your Arkansas state tax refund, and then click Check refund.

    For more information, contact the California Franchise Tax Board.

    Colorado (CO)

    Follow this link to check the status of your Colorado state tax refund, and then click Check the Status of Your Refund.

    For more information about refund processing click here or contact the Colorado Department of Revenue.

    Connecticut (CT)

    The Connecticut Department of Revenue Services has announced it can take 10 – 12 weeks to process a paper return.

    Follow this link to check the status of your Connecticut state tax refund, and then click Check on the Status of Your Refund.

    For more information, contact the Connecticut Department of Revenue Services (DRS).

    Delaware (DE)

    The Delaware Division of Revenue has announced it can take approximately 6 weeks to receive a refund from the date a return is accepted.

    Follow this link to check the status of your Delaware state tax refund.

    For more information, contact the Delaware Division of Revenue.

    District of Columbia (DC)

    The D.C. Office of Tax and Revenue has announced it can take 2 to 3 weeks for processing and issuance of a refund.

    Follow this link to check the status of your D.C. tax refund and click on the blue Where’s My Refund? button.

    For more information, contact the D.C. Office of Tax and Revenue.

    Florida (FL)

    AlaskaFloridaNevadaSouth DakotaTexasWashington, and Wyoming don’t have income tax. If you received income such as wages, scholarship or any other earnings and/or income, you don’t need to file a return in that state.

    In addition, New Hampshire and Tennessee only tax interest and dividend income, not wages, scholarship, earnings, or other type of income.

    Georgia (GA)

    The Georgia Income Tax Division has announced it can take 90 business days to process a return and issue a refund.

    Follow this link to check the status of your Georgia tax refund and click on the Where’s My Refund? button.

    For more information, contact the Georgia Department of Revenue.

    Hawaii (HI)

    The Hawaii Department of Taxation has announced it can take 9-10 weeks to process a return and issue a refund.

    Follow this link to check the status of your Hawaii tax refund and click on the Where’s My Refund? button.

    For more information, contact the Hawaii Department of Taxation.

    Idaho (ID)

    The Idaho State Tax Commission has announced it can take 10-11 weeks to process a return and issue a refund.

    Follow this link to check the status of your Idaho tax refund and click on the Where’s My Refund? button.

    For more information, contact the Idaho State Tax Commission.

    Illinois (IL)

    Follow this link to check the status of your Illinois tax refund.

    For more information or to contact the Illinois Department of Revenuer click here.

    Indiana (IN)

    The Indiana Department of Revenue has announced it can take approximately 10 weeks to process a return and issue a refund.

    Follow this link to check the status of your Indiana tax refund.

    For more information, contact the Indiana Department of Revenue.

     

     

     

     

     

     

     

     

    Iowa (IA)

    The Iowa Income Tax Department of Revenue and Finance has announced it can take approximately 3 weeks to process a return and issue a refund.

    Follow this link to check the status of your Iowa tax refund.

    For more information, contact the Iowa Department of Revenue.

    Kansas (KS)

    The Kansas Department of Revenue has announced normal processing time for a paper return is 16 weeks.

    Follow this link to check the status of your Kansas tax refund.

    For more information, contact the Kansas Division of Taxation for Individuals.

    Kentucky (KY)

    The Kentucky Revenue Cabinet has announced it can take 8-12 weeks to process a return and issue a refund.

    Follow this link to check the status of your Kentucky tax refund and click on the Check Refund Status online button.

    For more information, contact the Kentucky Department of Revenue.

    Louisiana (LA)

    The Louisiana Department of Revenue has announced the processing time for paper returns is 12-16 weeks from the date the return was mailed.

    Follow this link to check the status of your Louisiana tax refund.

    For more information, contact the Louisiana Department of Revenue or call 1-855-307-3893.

    Maine (ME)

    The Maine Revenue Services has announced that Maine tax refunds take up to 14 days to be processed.

    Follow this link to check the status of your Maine tax refund.

    For more information, contact the Maine Revenue Services Department.

    Maryland (MD)

    The Maryland Controller of the Treasury has announced that the processing of paper returns take approximately 30 days.

    Follow this link to check the status of your Maryland tax refund.

    For more information, contact the Comptroller of Maryland.

    Massachusetts (MA)

    Follow this link to check the status of your Massachusetts tax refund and click on the Where’s My Refund? button.

    For more information, contact the Massachusetts Department of Revenue.

    Michigan (MI)

    The Michigan Department of the Treasury has announced it can take approximately 8 weeks to process a return and issue a refund.

    Follow this link to check the status of your Michigan tax refund and click on the Check my tax and refund information button.

    For more information, contact the Michigan Department of Treasury.

    Minnesota (MN)

    The Minnesota Individual Income Tax has announced it can take approximately 6 weeks to process a return and issue a refund.

    Follow this link to check the status of your Minnesota tax refund.

    For more information, contact the Minnesota Department of Revenue.

    Mississippi (MS)

    Follow this link to check the status of your Mississippi tax refund.

    For more information, contact the Mississippi Department of Revenue.

    Missouri (MO)

    The Missouri Department of Revenue has announced it can take 8-10 weeks to process a return and issue a refund.

    Follow this link to check the status of your Missouri tax refund.

    For more information, contact the Missouri Department of Revenue.

    Montana (MT)

    The Montana Department of Revenue has announced it can take approximately 8 weeks to process a return and issue a refund.

    Follow this link to check the status of your Montana tax refund and click on the Where’s My Refund? button.

    For more information, contact the Montana Department of Revenue.

    Nebraska (NE)

    The Nebraska Department of Revenue has announced it can take 15-21 days to process a return and issue a refund.

    Follow this link to check the status of your Nebraska tax refund.

    For more information, contact the Nebraska Department of Revenue.

    Nevada (NV)

     AlaskaFloridaNevadaSouth DakotaTexasWashington, and Wyoming don’t have income tax. If you received income such as wages, scholarship or any other earnings and/or income, you don’t need to file a return in that state.

    In addition, New Hampshire and Tennessee only tax interest and dividend income, not wages, scholarship, earnings, or other type of income.

    New Hampshire (NH)

     AlaskaFloridaNevadaSouth DakotaTexasWashington, and Wyoming don’t have income tax. If you received income such as wages, scholarship or any other earnings and/or income, you don’t need to file a return in that state.

    In addition, New Hampshire and Tennessee only tax interest and dividend income, not wages, scholarship, earnings, or other type of income.

    New Jersey (NJ)

    The New Jersey State Department has announced it can take 12 weeks or longer to process a return and issue a refund.

    Follow this link to check the status of your New Jersey tax refund.

    For more information, contact the New Jersey Division of Taxation.

    New Mexico (NM)

    The New Mexico Taxation & Revenue Department has announced it can take approximately 8-12 weeks to process a return and issue a refund.

    Follow this link to check the status of your New Mexico tax refund and click on the Where’s My Refund? button.

    For more information, contact the New Mexico Taxation and Revenue Department.

    New York (NY)

    The New York State Processing Center has announced it can take 8-12 weeks after the return is mailed to issue a refund.

    Follow this link to check the status of your New York tax refund and click on the Where’s My Refund? button.

    For more information, contact the Department of Taxation and Finance.

    North Carolina (NC)

    The North Carolina Department of Revenue has announced it can take approximately 12 weeks to process a return and issue a refund.

    Follow this link to check the status of your North Carolina tax refund and click on the Where’s My Refund? button.

    For more information, contact the Hawaii Department of Taxation.

    North Dakota (ND)

    The North Dakota Office of State Tax Commissioner has announced it can take approximately 6 weeks to process a return and issue a refund.

    Follow this link to check the status of your North Dakota tax refund and click on the Where’s My Refund? button.

    For more information, contact the North Dakota Office of the State Tax Commissioner.

    Ohio (OH)

    The Ohio Department of Taxation has announced it can take a minimum of 30 days to process a return and issue a refund.

    Follow this link to check the status of your Ohio tax refund.

    For more information, contact the Ohio Department of Taxation.

    Oklahoma (OK)

    Follow this link to check the status of your Oklahoma tax refund.

    For more information, contact the Oklahoma Tax Commission.

    Oregon (OR)

    Follow this link to check the status of your Oregon tax refund.

    For more information, contact the Oregon Department of Revenue – Personal income tax.

    Pennsylvania (PA)

    The Pennsylvania Department of Revenue has announced it can take 3 to 4 weeks for the refund to be mailed or direct deposited.

    Follow this link to check the status of your Pennsylvania tax refund and click on the Where’s My Refund? button.

    For more information, contact the Pennsylvania Department of Revenue.

    Rhode Island (RI)

    The Rhode Island Division of Taxation has announced it can take 5 to 7 weeks to process a return and issue a refund.

    Follow this link to check the status of your Rhode Island tax refund.

    For more information, contact the Rhode Island Division of Taxation.

    South Carolina (SC)

    Follow this link to check the status of your South Carolina tax refund.

    For more information, contact South Carolina Department of Revenue.

    South Dakota (SD)

     AlaskaFloridaNevadaSouth DakotaTexasWashington, and Wyoming don’t have income tax. If you received income such as wages, scholarship or any other earnings and/or income, you don’t need to file a return in that state.

    In addition, New Hampshire and Tennessee only tax interest and dividend income, not wages, scholarship, earnings, or other type of income.

    Texas (TX)

     AlaskaFloridaNevadaSouth DakotaTexasWashington, and Wyoming don’t have income tax. If you received income such as wages, scholarship or any other earnings and/or income, you don’t need to file a return in that state.

    In addition, New Hampshire and Tennessee only tax interest and dividend income, not wages, scholarship, earnings, or other type of income.

    Tennessee (TN)

     AlaskaFloridaNevadaSouth DakotaTexasWashington, and Wyoming don’t have income tax. If you received income such as wages, scholarship or any other earnings and/or income, you don’t need to file a return in that state.

    In addition, New Hampshire and Tennessee only tax interest and dividend income, not wages, scholarship, earnings, or other type of income.

    Utah (UT)

    The Utah State Tax Commission has announced it can take 90 days to process a return and issue a refund.

    Follow this link to check the status of your Utah tax refund and click on the Where’s My Refund? button.

    For more information, contact the Utah State Tax Commission.

    Vermont (VT)

    The Vermont Department of Taxes has announced it can take approximately 8 weeks to process a return and issue a refund.

    Follow this link to check the status of your Vermont tax refund (click on Individuals and then click on the Check the status of my return button).

    For more information, contact Vermont Department of Taxes. 

    Virginia (VA)

    The Virginia Department of Taxation has announced it can take up to 8 weeks to process a return and issue a refund.

    Follow this link to check the status of your Virginia tax refund.

    For more information, contact the Virginia Department of Taxation.

    Washington (WA)

     AlaskaFloridaNevadaSouth DakotaTexasWashington, and Wyoming don’t have income tax. If you received income such as wages, scholarship or any other earnings and/or income, you don’t need to file a return in that state.

    In addition, New Hampshire and Tennessee only tax interest and dividend income, not wages, scholarship, earnings, or other type of income.

    West Virginia (WV)

    Follow this link to check the status of your West Virginia state refund.

    Wisconsin (WI)

    Follow this link to check the status of your D.C. tax refund and click on the Where’s My Refund? button.

    For more information, contact the Wisconsin Department of Revenue.

    Wyoming (WY)

    AlaskaFloridaNevadaSouth DakotaTexasWashington, and Wyoming don’t have income tax. If you received income such as wages, scholarship or any other earnings and/or income, you don’t need to file a return in that state.

    In addition, New Hampshire and Tennessee only tax interest and dividend income, not wages, scholarship, earnings, or other type of income.

     

  • 3 Smarter Ways to Spend Your Tax Refund

    save-or-spend-your tax-refund

    Wondering how to spend your IRS tax refund?

    A big refund might feel like you’ve hit the jackpot, but it’s not always wise to spend it all at once. We’ve given you three awesome ideas for amazing life experiences, but if you’re not the ‘adventurous type’ or don’t feel like spending it all in on go, you might consider a more practical plan for your cash.

    Here are some tips on how to spend your tax refund wisely:

    Make a plan

    Firstly, think about your current financial situation and how your tax refund could influence your short and long-term financial needs. Having a clear plan on how to spend your tax refund can greatly improve your future financial health and help you develop financial management skills.

    Pay off your credit card debt

    This might be the first and probably smartest idea that comes to the practical mind when it comes to getting a tax refund. And yes, paying off your high-interest credit card debt should be number 1 on your “smart-ways to-spend-your-refund” list. It might not be ‘fun’, but it will be such a relief to start afresh financially and when you finally have the money you need, you should definitely get your debt matters in order.

    Start your emergency fund

    Maybe this idea sounds better suited to someone in their forties? Well, you might think this way until the ‘emergency’ arises and you realize there isn’t a penny left in the piggy bank. Emergencies don’t just happen to people in their forties, and often occur suddenly, so an emergency fund will give you that welcome cushion to land on when you need it. That’s why putting aside part of your tax refund money (not necessary all of it) will prevent you from getting off-guard.

    Finance your education

    Using your tax refund to buy college or university textbooks, to start additional qualifications courses or sign up for an eBook subscription service, is a really smart way to spend it. The price of textbooks is constantly rising and next semester these could burn a hole in your pocket unless you’ve set some money aside. This could save you the usual money troubles you’ll likely encounter at the beginning of the semester and what’s more, will pay you out hundred times in future.

    Save or spend your tax refund? The final say is yours. Sprintax can only help you get your refund. Sign up here!

  • 3 Awesome Ways to Spend your Tax Refund

    The 2015 US tax season is officially over, so if you’ve filed your tax return you’re probably both relieved and eager to see if you’ll get a refund.

    About 13% of Americans will put their tax refund towards an amazing vacation and 39% will use it to pay down their debts, according to a recent study conducted by the National Retail Federation.

    How will you spend yours?

    Enough with the stats, let’s start with the best part of every tax season – how to spend the money you could get back from the IRS! This year, our advice is to unleash your creativity and do something memorable instead of splashing out on a rainy afternoon.

    Why not try one of these awesome ideas:

    ’’StartUP’’ your future

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    Remember that amazing business idea you promised to develop when you got enough money? Well now is the time! Startups are a huge part of the business world and if this is what you’ve been dreaming of, why not start today?

    If you’ve got the idea, now you have the budget to make it happen! Get a pen, draft your first business plan, and give your dreams a head start.

    A voyage of discovery

    8986414_mlNothing pushes you to grow as much as seeing the world. Travelling will open your mind up to new cultures and experiences, so why not try somewhere off the beaten track? If you’re planning on putting your tax refund towards an amazing adventure, we suggest something a little bit different than the well-known tourist destinations.

    How about a Jungle Safari in Borneo or a Cycle Safari in Tanzania? You could brave an Ocean Exploration course in the deep blue waters of the Caribbean or an overland adventure in West Africa. It sounds incredible, doesn’t it? And if you’re a true explorer and adventurer, you should go on at least one epic trip during your lifetime.

    “On the edge of life”

    2786043_lDoes jumping out of an airplane sound fun? Then extreme sports might be the answer. Adrenalin is sometimes all you need to awaken the power within. What if now is the time to meet “The Brave” in you? Get your tax refund and put it towards a sky diving session, balloon flight or bungee jump.

    The adrenalin is guaranteed as well as your safety if you rely on a recognized company, so keep this in mind when searching for exciting “on the edge of life” experiences.

    Whatever you decided to do with your US tax refund, don’t forget Sprintax can help you, not only with great ideas but with filing next year’s return!