TILDE'S TAX
FAQ (Frequently Asked Questions)
I was told I don't need to file how do I know if i do? Use the IRS do I need to file tool on our client resources page and answer the questions or give us a call and schedule an appointment today free of charge.
How can I calculate my refund: To give yourself a good estimate of how much your tax refund could be this year, use our free refund calculator tool.
How Much is the average refund: While the average tax refund stands at $3,039 per the IRS, this number varies greatly from taxpayer to taxpayer. To give yourself a good estimate of how much your tax refund could be this year, use our free refund calculator tool.
What documents do I need if I have a mortgage? Your mortgage company should send you Form 1098 which reports the mortgage interest you paid.
When is the earliest that I can file my taxes? When you get your W-2, you can have your taxes prepared right away, but the IRS will not accept them before a pre-defined date.
When can I expect my refund after it's been accepted? The typical time for your refund to be deposited or mailed out once accepted by the IRS is 21 Days.
What documents should I receive from my employer? The forms to prove employment may vary depending on individual situations. For most, an employer will provide a W-2 form. The self-employed (i.e. independent contractors, product sales representatives such as Mary Kay, etc.) should receive a 1099-MISC from the company.
What documents do I need if I am unemployed? If you received unemployment benefits from your state over the past year, you must claim that as income and, therefore, pay taxes on those benefits. The unemployment agency should provide you with a 1099-G form, which explains the amount of benefits you drew during the past year. The Internal Revenue Service (IRS) receives a copy as well and will tax you at the appropriate rate in your tax bracket. Not everyone owes. If you worked a portion of the past year, chances are you paid payroll taxes and may earn a refund if those deductions were overpaid.
What documents do I need if I am self-employed? You will need to file a Schedule C using IRS Form 1040. Depending on your type of business and where you conduct business, there may be other forms you will need. You may also need to make quarterly estimated payments by filing Form 1040-ES, Estimated Tax for Individuals.
I drive for Uber/Lyft/Doordash what documents do I need to bring? These are considered self-employment so you should recieve a 1099-NEC from these companies. You should also bring with you a mileage log of miles driven for business use, as well as a list of any expenses.
When is the deadline to file my taxes? The standing deadline for personal taxes is April 15. However, sometimes that date falls on a weekend or after Emancipation Day (a holiday in DC) and pushes the deadline to as late as April 18.
What are my refund options: Choose from the following Refund and Product Options: Paper Check. Refund check(s) mailed by taxing authority and arrives in approximately 6 weeks after your return has been accepted by the IRS or state. Tax preparation fee paid at time of service. Direct Deposit. Your refund(s) will be directly deposited by the taxing authority into your bank account or prepaid card usually within 21 days or after the IRS or state has accepted your return. Tax preparation and filing fees paid at the time of service or using pay by refund. Netspend® Prepaid Mastercard®. Your refund(s) will be loaded on a Netspend® Prepaid Mastercard® usually within 21 days after your return is accepted. Additional fees may apply. Refund Transfer (RT). By choosing a Refund Transfer, you get the convenience of an IRS Direct Deposit and no upfront fees. Once the IRS or state sends your refund, usually within 21 days1, your fees can be deducted from the refund proceeds. The balance of your refund will be disbursed as a check printed in the tax office, direct deposited in your personal bank account, or loaded on a Netspend® Prepaid Mastercard®. Additional fees may apply to certain disbursements. Please consult your tax office for details.