Chances are if you got your tax refund from the IRS it is already gone. But there is some hope to see a surprise tax refund that could be deposited in your bank account starting this week. This is because some taxpayers overpaid taxes on their unemployment compensation in 2020.
There are nearly 20 million people living in New York state and nearly 1/4 of us received unemployment and enhanced pandemic unemployment benefits since this whole thing started last year. So that is nearly 5 million people collecting a smaller amount of money than their job paid and they have to pay tax on this money. Or do they?
There are two types of people in the world.
Ones that scramble to get their tax documents and find someone to help them do theme days before they are due.
And then there are the people that want their money FIRST. Right out of the gate, they meet with their accountant on day #1 and hope that in no time they will get their money back from the state and the IRS...