
Comprehensive Guide to Michigan Tax Filing and Avoiding Scams in 2024
A Comprehensive Guide to Michigan Tax Filing for 2024
Are you unsure about how to navigate the 2024 tax filing process in Michigan? This comprehensive video guide provides valuable insights into Michigan tax filing. It covers essential topics like tax deadlines, required documentation, filing methods, extensions, payment options, and tips for getting faster refunds.
Alert: IRS Scam Warning
With tax season comes an increased risk of tax scams. Cybercriminals are now impersonating the Internal Revenue Service (IRS) to trick individuals into revealing their personal details for fraudulent purposes. The Better Business Bureau warns taxpayers of these scams, urging them to be vigilant when receiving unsolicited communications claiming to be from the IRS.
Recovery Rebate Credit and Unclaimed Stimulus Money
In December, the IRS announced a plan to send money to about 1 million taxpayers who missed claiming the complex recovery rebate credit on their 2021 tax returns. These funds were disbursed automatically, with most payments expected to arrive by late January.
Avoiding Tax Scams
Scammers often use the prospect of a tax refund to lure victims. They may send a text message that appears to be from the IRS, claiming that you’re eligible to receive a $1,400 economic impact payment. They then ask for your personal information, leading you to believe that your refund will be deposited into your bank account or sent by mail within a few business days. The IRS advises against clicking any links in these messages as they could lead to malware or a fraudulent form asking for personal or financial information.
Understanding The IRS Communication Policies
The IRS typically communicates via regular U.S. mail delivered by the U.S. Postal Service. They may only email or text you if you’ve given them such permission, with a few exceptions. The IRS also doesn’t accept gift cards or prepaid debit cards as payment, threaten to call law enforcement or immigration officials, or leave pre-recorded voicemails (robocalls). To verify an IRS letter or notice, you can search for it on IRS.gov.
Claiming Your Stimulus Check
If you haven’t filed your 2021 tax return yet, you can still do so until April 15 to claim the credit and any other refunds you might be owed. The IRS notes that even taxpayers with minimal or non-existent income from a job or business should file a tax return to claim a recovery rebate credit.
IRS Refunds: Average Amount and Processing Time
The IRS reports that the 2025 tax season started with an average refund of $1,928 for returns processed by Jan. 31. This is up 38.2% from the same time last year. Most federal income tax refunds are issued within 21 calendar days if you e-file and opt for direct deposit.
Tracking Your Refund
If you’re eager to know the status of your refund, the IRS offers a handy tool called “Where’s My Refund?” to keep you updated. Remember, though, that the processing times can be longer if you claim the earned income tax credit or the additional child tax credit. In general, if your e-filed return is accepted by Feb. 17, you can expect a refund by Feb. 28 for direct deposit and March 7 for a paper check, according to CPA Practice Advisor.
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