Can you get a tax refund greater than taxes paid?

Can you get a tax refund greater than taxes paid?

This credit is refundable meaning you may get more money in your refund than you had withheld from your pay. In fact, you may get money back even if you didn’t have any income tax withheld from your pay. The earned income credit can be substantial up to $6,557.

Does TurboTax get tax refund?

If you e-filed your tax return using TurboTax, you can check your e-file status online, to ensure it was accepted by the IRS. You’ll also receive an e-mail confirmation directly from the IRS. Most taxpayers who e-file will receive their tax refund sooner.

Why is Wisconsin tax refund taking so long?

This happens with refunds from electronically filed returns as well as refunds from paper returns. Some possible reasons for refund delays: The proper homestead credit attachments were not timely received. The taxpayer or spouse owes delinquent Wisconsin taxes.

Do I have to pay taxes on money from a divorce settlement?

Maintenance payments made by a spouse or that are attributable to a payment made by a spouse is exempt income of the receiving spouse. If a spouse receives income from an existing trust as maintenance payments instead of directly from the other spouse, tax will be payable on that income.

What should a man ask for in a divorce settlement?

Considerations to Make About What to Ask for in a Divorce SettlementMarital Home. Life Insurance and Health Insurance Policies. Division of Debt. Private School Tuition and College Tuition. Family Heirlooms and Jewelry. Parenting Time. Retirement Funds.