LOOKING FOR YOUR REFUND?
IRS Refund Delays and Tax Updates
I called the IRS to check on the status of refunds for a few clients. They had received a message on track your refund stating it was taking longer to process. She encouraged me to extend some information to our clients. When submitting your tax return, remember you are placed in line for refunds of those before you, so it may take at least 21 days. When claiming Earned Income Credit (EIC) or Child Tax Credit (CTC), it will take longer to process. If you have not received a refund after 21 days, then you should contact the IRS. Hardwen Capital is here to guide you through understanding IRS refund delays and provide solutions to ensure timely tax refunds. Learn how to navigate the complexities of tax filing and refunds, including considerations for Earned Income Credit (EIC) and Child Tax Credit (CTC). Stay informed with our expert advice and avoid unnecessary delays in your refund process.
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ESTIMATED PAYMENTS
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You must make estimated tax payments to avoid a penalty if you owe taxes. This is based on the year prior. You can use a calculator to determine what amount is needed to avoid owing additional amounts.
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CLAIMING CHILDREN OVER AGE 17
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Please remember there are certain criteria for claiming a child that is over the age of 17. Several things come into play, including whether or not they are a full-time student. Please ask before the end of the year, if you have questions or need to have any tax planning, since it can affect refund/taxes owed.
THE BIG BEAUTIFUL BILL FOR SENIORS​
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