Detinne CPA

For those who love learning: here's a tax fact from Tiffany's.

You can check on the status of your federal tax refund online at IRS.gov within 24 hours of your return being e-filed or 4 weeks after it was filed by paper. Unless an error is encountered, the IRS will generally issue refunds for e-filed returns within 21 days.

The IRS has announced it will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent law change that allows each individual who received unemployment benefits in 2020 to exclude up to $10,200 from income.

Here is some midweek Wednesday Wisdom inspiration from your friends at Tiffany's

The tax code provides a variety of tax credits for individual taxpayers, some of which can only be used to offset your tax liability, while others are fully refundable. Don't overlook these substantial tax benefits.