As we step into 2024, the familiar cycle of tax season is upon us. With the April 18th deadline for 2023 tax filings drawing near, we’re here to help demystify the process, especially the part everyone looks forward to – tax refunds! Plus, we have some tips on using Everlance to boost your refund.
Wondering where your tax refund is? The IRS makes it simple with their online tool aptly named "Where's My Refund?" It's your go-to resource for tracking your refund status using your SSN.
Updates are made to the system every 24 hours and you must be aware that there is a schedule for when you can start looking. You can't immediately e-file your return and check your status expecting a date, it doesn't quite work that way - they need at least 24 hours to process and verify the refund. Instead, you're going to want to use these guidelines.
To find your refund amount, check these lines on your tax return:
Remember, if you owe any state or federal debts (like back taxes or child support), they may be deducted from your refund.
The IRS offers two refund methods:
Direct deposit is the quickest and safest way, especially when combined with e-filing.
Don't fall for the IRS scams. We have covered this in our previous posts, along with how to contact the IRS phone number. Read More
As an independent contractor or anyone who drives for business, Everlance is an indispensable tool for tracking your business mileage and expenses. Our users find an average of $6,500 in deductions annually.
With Everlance, the hassle of using outdated paper logs is a thing of the past. Our intuitive app, available for iOS and Android, automatically records your drives, allowing easy classification with a simple swipe. Plus, you can upload receipts and manually enter expenses for comprehensive financial tracking. Professionals across various fields, including real estate, photography, and rideshare driving, have already made their lives easier with Everlance.
Download it for free on iOS and Android and start maximizing your deductions today.