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IRS Sends Refund Interest Checks To 13.9 Million Taxpayers

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Department of the Treasury and the IRS are planning to send out interest payments totaling $18 on average to 13.9 million Americans who filed their tax returns in the last few months, according to a press release. In any such incident, where the date is postponed from its usual April 15 deadline, the IRS is required to pay interest.

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Credit Karma To Advance Tax Refunds For Free

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citizens who file their tax returns through Credit Karma Tax to get a $500 to $1,000 advance on their tax refund with no fees or interest. The clients can get access to the funds as quickly as 24 hours after the IRS accepts the tax return. In a press release , the company said the service will enable U.S.

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Death And Taxes: One Is Becoming Much More Digital

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After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process, promises to become even more digital this year. And digital payers are striving to win more business from tax filers this year. Rise of Quicker Payments. New Products.

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Figure’s Mike Cagney: Stimulus Snafus Show It’s Time For Digital Dollars – And Blockchain

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Nothing brings money to top of mind like tax season — and tax refunds and stimulus payments , doled out in the wake of a pandemic known as the coronavirus. The trillions of dollars in stimulus funding and tax refunds being extended to families, individuals and businesses is coming — but slowly. Tax refunds?

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How Smarter Payment Tools Make Filing Taxes Less Taxing

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As of March 16, 2018, the Internal Revenue Service (IRS) reports approximately 72.7 For many, though, the hard part comes after their taxes are filed and they are forced to play the waiting game, even if they opt to get refunds with direct deposit. percent uptick from the same period in 2017.

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State And Local Governments Wrestle With Faster Payments

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More states are starting to use recurring digital payments as the means by which tax refunds and other government monies are paid out. Advocates argue that digital funds deposited on debit cards are less prone to fraud and error, with speed and convenience for recipients. On the other hand, nothing succeeds like success.

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Data Dive: The Yes, No, Gotcha! Edition

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Credit Karma said yes to early tax refunds for consumers – for free. Good Tax Lending Karma. Good news for consumers avidly awaiting their tax refund for 2018: Credit Karma Tax is rolling out a new product call Earlybird Advance, an online refund advance service. And that was just Tuesday.