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FAQ

In the US, how is it possible to get back thousands more in a tax return than you pay in?
Earned Income Credit is a program aimed at low-income working people with dependents and can give a payable credit of up to $6000 even if no taxes were owed.Earned Income Tax Credit (EIC) Basics, Phaseouts, Tables (2018 & 2019)That is one way.In the high finance corporate world there are government subsidies that apply to specific industries which can result in the government paying a company more than their tax bill was.
India: What are things that make Indians sad?
It make Indians sad,When, even after 5 years of infamous Nirbhaya Gang Rape, India fails to provide security to its girls and when the juvenile Mohammad Afroz alias Raju was not given the capital punishment just because he was not an adult!It is sad to observe that even now in India, punishment is given by looking at the age of the convict and not by the crime that he commits.When the ‘Metro Man’ of India and arguably one of the most deserving candidate of ‘Bharat Ratna’ got sidelined by the top official ministers of Uttar Pradesh Government for the inauguration of Lucknow Metro on September 5, 2017 so that they can get the full credit.When Hindi Cinema’s greatest singer, Mohammad Rafi fails to get the honor and respect that he deserves from the Government of India.When India’s marathon runner OP Jaisha fainted at the Rio Olympics, 2016 because there was no Indian official present there to provide her water at every 2.5 km. When she collapsed, there were no Indian doctors to take care of her and it took her 3 hours and 7 glucose bottles to get her sense back. The exact words she said after getting her sense were:-“I DON’T KNOW HOW I MANAGED TO FINISH WITHOUT GETTING ENOUGH WATER TO DRINK”When people like them who are charged with murder, rape, castration and abduction are still treated as ‘God’ by many people across the nation.When the most wanted terrorist, Burhan Wani was labelled as a ‘hero’ in the Kashmir valley after his death and when Pakistan demanded sympathy from rest of the world at United Nations General Assembly for the brutal killing of the youth of Kashmir.When the family of the ‘Wizard of Hockey’ aka Major Dhyand Chand still have to wait for the orders of the Government of India to confer him with the ‘Bharat Ratna’.When kids like them are unsure about their future in the country which is considered as one of the most Vibrant Economy in the world and has to pick jobs like the one displayed in the picture.When people like him still exists in the country who criticizes the government for not doing enough to keep the country Clean and Green!When even after more than 70 years of independence and 4 vicious wars with our neighbors, a large number of soldiers have to lay their lives for the protection of their fellow countrymen……!!!There are lot of things to be mentioned here but I will stop for a while now.EDIT:- A lot of people in the comment section have pointed out as to why only a single name have been mentioned for the ‘Damini Gang Rape Case.’ The reason behind this is the escape he made out from getting the capital punishment because he was a juvenile. Please refrain from commenting the same.Pic Credit:- Google ImagesJai Hind!!
What day does the IRS deposit refunds?
The IRS doesn't issue a schedule anymore, so this schedule isn't as official as it once was. The processing time table is variable, but disregarding any holds (beginning CTC & EIC tax fraud holds & audits, for example), they follow this rough schedule…For E-Filed returns only:Returns accepted between Monday - Sunday (before 11:00 am) are refunded in the same batch. Deposits are made on Mondays, minimum 8 days after return is accepted. 8 days after the week/batch ends.Keep in mind- returns are usually accepted the day they are filed, but not always. Refund dates go by the accepted date. Also, your banking institution can delay the refund by up to a few days, depending on their pending process. The schedule given is only for when the IRS sends the refund.Returns filed/accepted this week, Monday the 8th to 11 am, Sunday the 14th, will have direct deposit refunds sent on Monday the 22nd.Refund checks usually take 4 days longer to be mailed, on Fridays. In the above example, it'd be Friday the 26th.I have seen many 2018 refunds follow the exact schedule above.ETA: Keep in mind, Accepted is not the same as Approved. It is the acknowledgement of the return being received.
Did we all actually get 17% less in tax refunds this year in 2019 as a result to the Republican Tax plan? How did that happen, considering there was"supposed to be" tax cuts?
I’m going to make this so easy that even a democrat can understand:Your buddy says that to sleep in his basement between your gigs at Starbucks and your budding career as a drummer for a local band (hey, someone has to pay off that $100k student loan you took out to be a Gender Studies Major), you have to “pay” him 2 joints per month. Sounds fair, right?You, being so high out of your mind, over pay, and instead give him 3 joints per month rather than 2.At the end of the year you do your “taxes” and determine that you’re getting a “refund” of 12 joints, because you overpaid your buddy by 1 joint per month.The next year your buddy passes a cut in your rent. Now you only have to pay him 1 joint per month. Again, being high out of your mind, you end up paying him 1.5 joints per month.At the end of the year you do your taxes, and your “refund” is 6 joints.OH MY GOD!!! MY BUDDY SAYS I WAS GETTING A CUT IN MY RENT!!!! BUT THIS YEAR I ONLY GOT 6 JOINT REFUND INSTEAD OF 12!! WHAT A LIAR!!!But then you came down from your high, did the math, and calculated that:Year 1: You paid a total of 24 jointsYear 2: You paid a total of 18 joints.Even though your “refund” was smaller in year 2, you actually paid LESS in rent.;"";""