FAQ

How to file a late tax return

Can I electronically file a late tax return? Description:If you filed or received a State Income Tax Return Extension by July 15, 2020, you can e-file your IRS and State Tax Return together by Oct. 15, 2020 on eFile.com. Late Filing penalties will apply if you owe taxes. Thus, e-File even if you can’t pay. How do I file an…

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FAQ

How much student loan interest is tax deductible

What percent of student loan interest is tax deductible? The student loan interest deduction lets you deduct up to $2,500 from your taxable income if you paid interest on student loans in 2019. If you fall into the 22% tax bracket, for example, the maximum student loan interest deduction would put $550 back in your pocket. Can student loan interest…

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FAQ

Where is my south carolina tax refund

Where is my SC refund? To check the status of your South Carolina state refund online, go to https://mydorway.dor.sc.gov/?link=refund. … If your refund status hasn’t changed in more than 6 weeks or your refund status tells you to contact the SCDOR, then you should call 1-844-898-8542, Option 2. When can I expect my SC tax refund? How quickly will you…

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FAQ

How to increase tax return

What is the fastest way to get your tax return? More In Refunds. The best and fastest way to get your tax refund is to have it electronically deposited for free into your financial account. The IRS program is called direct deposit. You can use it to deposit your refund into one, two or even three accounts. Why am I…

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FAQ

Why do we get tax refunds

What is the purpose of a tax refund? A tax refund is a reimbursement to a taxpayer of any excess amount paid to the federal government or a state government. Taxpayers tend to look at a refund as a bonus or a stroke of luck, but it really represents an interest-free loan that a taxpayer makes to the government. In…

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