In this episode of ‘Dr. Friday Tax Tips – One Minute Moment,’ Dr. Friday, President of Dr. Friday’s Tax and Financial Firm, delves into the various factors that influence the timing of tax refunds. She emphasizes the importance of electronic filing over mailing, noting the latter’s inefficiency and lack of tracking capabilities. The episode highlights key elements such as the date of filing, claims for earned income credit and college credits, existing debts with federal or state governments, and outstanding student loans, all of which can significantly impact the timing and receipt of tax refunds. Dr. Friday advises taxpayers to utilize the ‘Where’s My Refund?’ feature on irs.gov for tracking their refunds. The show wraps up with an invitation to listen to the Dr. Friday call-in show every Saturday from 2-3 PM on 99.7 WTN.
Transcript
G’day, I’m Dr. Friday, President of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment.
Several factors can determine when a taxpayer might receive his or hers refund. Like, when did you file? Are you claiming earned income credit, college credits? Whether you file electronically or by mail, which I will tell you right now, mailing in a tax return is the slowest way, impossible almost, to track tax filing. E-file is the way to go. Whether a taxpayer already has a debt with the federal government, or a state, or student loans, all of that can be a huge factor in when or if you will actually receive your refund. But you can always go to irs.gov and click on “Where’s My Refund?” if you’re looking for more information. It’s a great way to keep track.
You can catch the Dr. Friday call in show live every Saturday afternoon from 2-3 PM, right here on 99.7 WTN.