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Irs Refund

Many American citizens have their income taxes taken directly from their paychecks every week or every month. The government creates an estimated percentage that each employee should pay back in taxes. However, sometimes this estimated amount is lower than the amount of taxes that the citizen actually paid. In this situation, an IRS refund check is issued. Taxes must be submitted and paid on April 15 of every year. A few months later, many Americans receive a check in the mail from either the state or federal IRS, refunding the excess money that was paid into the system.

Fast Facts

  • If the IRS accidentally sends out an erroneous check, it is important to void it immediately.
  • A Colorado woman was recently refunded nearly $123,000 when she really only expected $80. Had she not voided the check, she would have been asked to pay back the full amount, with interest.

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Articles

Results 1-5 of 55 for "irs refund"

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