If you work as an employee, the amount of tax withheld from your paycheck is based upon the information you provided on Form W-4. However, if you receive any form of supplemental wages during the year, your employer may be required to withhold tax using a different method. To learn more how supplemental wages affect your tax return, see the full TurboTax article.
Common lifestyle changes, like getting a job or getting married, can change your tax liability. To avoid being caught off guard by an unexpected tax bill or huge tax refund, you’ll need to adjust your withholdings on your paycheck. To find out more, see the full TurboTax article.
The IRS puts a limit on the time in which you can claim a refund for the over-payment of tax. However, you can’t check if you have a refund due to you until you complete a tax return. To amend a prior year return to claim any overpaid taxes, you have three years from the date you filed it. If you didn’t file a tax return, then you have two years to submit one in order to claim a refund that you are owed. To find out more about getting your overpayment back, see the full TurboTax article.
If you usually get a tax refund, but would like to start putting more money in your pocket every month, we can help. Yes, you still have to fill out a W-4 form. But we’ve developed a quick and easy guide to assist you. See the full TurboTax article for details.
If you’re one of the nearly 75 percent of Americans who get a tax refund year after year, we can show you how to keep the good times rolling. With a little effort, you can start getting next year’s refund starting next pay day. See the full TurboTax article to find out how.
Many people can import their W-2 info straight into TurboTax from their employer. You can also use the TurboTax mobile app and your smartphone to snap a photo of your W-2! Find out more about how to import your W-2 into TurboTax with this helpful guide from TurboTax Support. For more answers to your tax return preparation questions, visit turbotax.com/support.
Events in your own life as well as frequent adjustments by legislation can be cause for either increasing or decreasing your taxes. Here are some common life events that affect your taxes.