where is my ga state tax refund

Tph (800) 941-9596

Fax (800) 941-9173

"Why is my state refund taxable? It feels like I'm being taxed on money I already paid taxes on!"

"What is the point of getting a state refund if I have to pay income tax on it?"

The premise behind these two common complaints is not true, but these complaints show one thing for certain: people resent having to report their state refund check as income. Sometimes after I explain it logically, I get one final comment that goes something like this: "Well, thanks for explaining it. I understand now, but I still don't like it and I plan to argue with you about it again next year."

"Refund" and "overpayment"

The states and the IRS use the words "refund" and "overpayment" interchangeably. The overpayment is what is taxable. For example, a taxpayer has a $2,000 state overpayment and gets a state refund of $2,000. For reasons described below, the $2,000 is taxable. Now let's say that the taxpayer elects to give $500 of his overpayment to the Wildlife Fund, or the Orphans' Fund, or the Firefighters' Fund. His refund will then be only $1,500. Even in this case, the $2,000 is still taxable even though he can deduct the $500 somewhere else on next year's return as a charitable contribution.

How the deduction works

  1. One deduction allowed on your itemized deductions is state income tax you pay for the year.
  2. Before you can prepare your state tax return, you have to first prepare your federal return.
  3. You cannot prepare your state return first and your federal return second.
  4. When you are preparing your federal return, you do not know yet how much state income tax you are going to pay for the year.
  5. So the IRS allows you to "guess" the amount for now. If you overguessed or underguessed, you make the adjustment on next year's return.

Stop for a moment. Doesn't this make sense so far?

  • But the IRS tells you exactly how to "guess" your state tax.
  • For most people, deduct the amount of state income tax withheld during the year.

    Here's the problem:

  • You had $3,000 state tax withheld during the year, so you deduct that as an itemized deduction.
  • Later when you prepare your state tax return, you find out that your state income tax was only $2,000, so you are going to get a refund of $1,000.
  • Your state income tax is only $2,000 for the year but you deducted $3,000.
  • To straighten this out, the IRS lets you report the $1,000 overpayment as income next year.
  • Still not convinced?

    If you still think that the overpayment is taxable or should be taxable, then try this scheme. It will not work, and that is the point. This extreme example will probably make it clear.

    1. A taxpayer gets an annual salary of $50,400.
    2. His gross each month is $4,200.00.
    3. He has $840.00 combined federal income and social security taxes withheld.
    4. This leaves a take-home of $3,360.
    5. He goes to his employer and says,
      1. "Each month I want you to hold out $3,359 state income tax so that I get a check for $1.00.
      2. I will borrow money from friends and family to live on during the year.
      3. At the end of the year, I will have a state tax deduction of $40,308. I won't owe any income tax.
      4. Then I'll file my state return and get a refund of $40,308.
      5. I'll pay my friends back and I will have saved over $10,000 in taxes.

    If you did not get a form 1099-G from the state reminding you of the amount of your overpayment, it does not matter. The overpayment is still taxable.

    What if I did not itemize last year?

    If you did not itemize last year, then you did not deduct any state tax. Therefore you do not have to "adjust" the amount you deducted. If you did not itemize last year, then your state refund or overpayment is not taxable this year.

    Hopefully it makes sense to you now. If this scenario were true, then wouldn't banks replace their billboards that say "The more you IRA, the less you IRS" with "Make a state tax refund loan with us and pay no taxes at all!"?

    Copyright © - 2006 Dutch Hawkins Mandeville, LA USA - All Rights Reserved

    Refund Status Where Is My Refund Colorado

    In This Article you can read more about Refund Status Where Is My Refund Colorado. Where is my state tax refund? track state refund status here have become trending topic. So in this article i will explain Where is my state tax refund state income tax department/tax agency? states that collect income taxes offer a way to check the status of your state tax refund. more clearly than another blog.

    Full Description About Refund Status Where Is My Refund Colorado

    You can check the status of your refund on revenue online (wwwcoloradogov/revenueonline) there is no need to login simply choose the option “where is my refund.

    State Of Georgia Tax Refunds 2016.

    Jersey long sleeve bicycle jersey women bicycle mens black long sleeve Video Preview

    Where's my georgia state refund? find your georgia state refund here track your ga refund where's my refund georgia ga refund georgia refund status. Check the status of your california state refund.. A state by state guide on how to check your refund status..

    Where is my ga state tax refund

    Where Is My Colorado Tax Refund 2016 .

    Where is my state tax refund state income tax department/tax agency? states that collect income taxes offer a way to check the status of your state tax refund. Get info about tax refunds tax refund cycle error codes refund delays and connect with others waiting on their tax refund in the where's my refund forum.. Included are links to each state's "where's my refund?" tool. some state tax refunds may process in days while other state income tax refunds take weeks..

    Above you can read our explanation about Refund Status Where Is My Refund Colorado. I hope Get updates on irs where's my refund status, 2017 tax refunds, first day to file taxes, deposit dates, error codes with others still waiting on tax refunds. Will fit with what you need and can answer your question.

    Tax-Rates.org – The 2017 Tax Resource

    Tax Information Sheet Where is my ga state tax refund Launch Georgia

    Income Tax Calculator

    Georgia collects a state income tax at a maximum marginal tax rate of %, spread across tax brackets. Like the Federal Income Tax, Georgia's income tax allows couples filing jointly to pay a lower overall rate on their combined income with wider tax brackets for joint filers.

    Notably, Georgia has the highest maximum marginal tax bracket in the United States. You can learn more about how the Georgia income tax compares to other states' income taxes by visiting our map of income taxes by state.

    The Georgia Department of Revenue provides a dedicated Caxpayer Advocate for handling issues and disputes with taxpayers. If you have any questions or issues with your Georgia tax return, feel free to contact the Taxpayer Advocate Office at [email protected] or by phone at 404-417-2251. For specific questions about your Georgia Tax Refund, call 1-877-423-6711.

    There are -871 days left until Tax Day, on April 15th 2015. The IRS will start accepting eFiled tax returns in January 2015 - you can start your online tax return today for free with TurboTax Where is my ga state tax refund.

    Income tax deductions are expenses that can be deducted from your gross pre-tax income. Using deductions is an excellent way to reduce your Georgia income tax and maximize your refund, so be sure to research deductions that you mey be able to claim on your Federal and Georgia tax returns. For details on specific deductions available in Georgia, see the list of Georgia income tax deductions.

    Tax-Rates.org provides easy access to four of the most commonly used Georgia income tax forms, in downloadable PDF format. For all of the tax forms we provide, visit our Georgia tax forms library or the 's tax forms page.

    Where is my ga state tax refund

    Where is my ga state tax refund

    Where is my ga state tax refund

    Where is my ga state tax refund

    Where is my ga state tax refund

    Georgia Dept. of Revenue

    Atlanta, Georgia 30374

    Georgia Dept. of Revenue

    Atlanta, Georgia 30348-5613

    Georgia Dept. of Revenue

    Atlanta, Georgia 30374

    Where is my ga state tax refund

    You can save time and money by electronically filing your Georgia income tax directly with the . Benefits of e-Filing your Georgia tax return include instant submission, error checking, and faster refund response times. Most tax preparers can electronically file your return for you, or you can do it yourself using free or paid income tax software, like the examples listed below.

    Georgia allows all filers, resident and nonresident, to file their Form 500 electronically using the Georgia eFile system. You don't need to notify Georgia that you're planning on e-filing directly - your IRS intent to eFile will be sufficient. If you have a simple tax return, you can eFile for free by using one of the companies in Georgia's Free Fila Alliance to prepare your taxes - details are available on the Department of Revenue's eFile website.

    To e-file your Georgia and Federal income tax returns, you need a piece of tax software that is certified for eFile by the IRS. While most in-depth tax software charges a fee, there are several free options available through the states, and simple versions are also offered free of charge by most tax software companies.

    The two most popular tax software packages are H&R Block At Home, sold by the H&R Block tax preparation company, and TurboTax Federal & State, sold by the Intuit software company. Both companies produce multiple editions for simple to very complex tax returns, so be sure to carefully compare the features offered by each package.

    Where is my ga state tax refund

    If your state tax witholdings are greater then the amount of income tax you owe the state of Georgia, you will receive an income tax refund check from the government to make up the difference.

    It should take one to three weeks for your refund check to be processed after your income tax return is recieved. E-filing your return and filing early can help ensure your refund check gets sent as quickly as possible.

    Once you've filed your tax return, all you have to do is wait for your refund to arrive. If you want to check the status of your Georgia tax refund, you can visit the Georgia Income Tax Refund page.