For more information:  [tax refund]

When is my tax relief check coming?

With the current state of the economy we all need some economic relief. The good news is for some of it is coming from our president in the form of a check. Whether you are using it to stimulate the economy at Walmart, Sears or are just socking it away in your savings account the sooner the money comes the better. So if you are wondering when your tax relief check is coming you may want to check with the Internal Revenue Service at (800) 829-1040. You may want to have a copy of your most recent tax return handy so that you can prove you are calling and not some impostor. You would not want someone else to pose as you and get your tax refund instead of you. So in the age of identity theft the IRS is being careful about whom they speak with.

NYC residents want that tax refund no more than ever

What is a tax refund?

Simply put a tax refund is when your taxes paid are more than your tax obligations. This can be the result of excess withholding, estimated payments or credits. Even if it is from a credit you may have been able to access those monies earlier by filing the correct forms with your employer. You can get a larger tax refund by being aware of all the opportunities for tax deductions as well as credits. Many taxpayers have found that their refund increases when they use the services of a tax preparer or Certified Public Accountant. Just be wary of anyone who offers to base their tax preparation fee on the size of your refund because this may encourage them to do things that are not correct.

What is wrong with a RAL?

First off what is a RAL? A RAL is a refund anticipation loan, which means a bank is loaning you the money that you will eventually get from your tax refund. The problem with a refund anticipation loan is that it can be expensive versus the number of days you are getting access to your money for. For example had you received the refund anyways in another three weeks then the fee being paid is for a three week loan !

 For more information: 

[when will I receive my tax refund]

Did your tax refund measure up?