Division of Taxation says refunds from tax returns filed electronically will be paid in around four weeks. Paper returns could take three times longer.
Americans plan to stash their tax refunds into savings this year, according to an annual survey released on Feb. 19 by the National Retail Federation (NRF).
By James Lawrence, CPA, Traphagen Financial Group
There seem to be three types of taxpayers: those who want refunds (refunders), those who don’t want to pay until they need to (procrastinators) and those who are indifferent (apathetics). Although each type may have different personal income tax responsibilities, all must follow Internal Revenue Service (IRS) regulations in order to avoid penalties