While it’s all too easy to accept a refund rather than update your W-4 form, you might be better off having the correct amount withheld from your checks so that you don’t receive a refund at all. But if you find yourself relying on your refund year after year, you might need to put together a proper financial plan to get yourself on sound financial footing.
Forms, publications, and all applications, such as your MyFTB account, cannot be translated using this Google™ translation application tool. For forms and publications, visit the Forms and Publications search tool. We cannot guarantee the accuracy of this translation and shall not be liable for any inaccurate information or changes in the page layout resulting from the translation application tool.
Tax refund interception
Unlike private debts, refund interception for the said taxation will often occur even if prompt prior payments were made. Our phone and walk-in representatives can only research the status of your refund if it has been 21 days or more since you filed electronically, more than 6 weeks since you mailed your paper return, or Where’s My Refund? If we need more information to process your tax return, we will contact you by mail.
- You did not provide the complete account number for your bank account.
- Regardless of whether an individual overwithholds or underwithholds, receiving a refund or owing the IRS come tax time is not the best way to evaluate your income tax burden.
- It will also contain information on what agency is intercepting the refund along with information on how to contact that agency.
- Payments can be made by check, money order, credit card, or direct debit .
- If you omit them, your refund will not go to your account.
We will return your State tax return for you to complete using the correct form type before we can process your return. To protect your refund, we use numerous data sources and capabilities to detect fraud. Additional processing times prevent identity theft. We may contact you for more information before issuing your refund; our enhanced identity theft security measures require what is a tax refund additional customer verification for your protection. You can use the employee verficiation procedure to verify the identity of any Department employee who contacts you. There are other miscellaneous sources of income that are subject to interception. For example lottery winnings and state issued vendor payments may be intercepted if they are over a certain amount of money.
Still have questions?
If approved, funds will be loaded on a prepaid card and the loan amount will be deducted from your tax refund, reducing the amount paid directly to you. Tax returns may be e-filed without applying for this loan. Fees for other optional products or product features may apply.
- You no longer need to wait for your check to arrive in the mail.
- As the economy was reeling from the collapse of the dot-com bubble in the summer of 2001, Congress sought to stimulate consumer spending by issuing a mid-year tax rebate.
- The incorrect banking information may have been supplied to the IRS by the taxpayer on his/her signed tax return which authorized Direct Deposit.
- Any refund due you should be processed approximately 10 weeks after you receive your letter from the federal government or from the New York State DTF saying your tax refund was offset.
If the information on your return does not match the information available to the Department, your refund may be delayed. The Department may be waiting for information from your employer or the IRS for data verification.