Those who stand to benefit from the changes in tax code include workers who earn tips, those receiving overtime pay, purchasers of US-made autos, and seniors.
Articles on Tax refund
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Penalties of 25% to 75% of the tax owed may apply for falsely claiming deductions. The more dishonest the claim, the higher the fine.
Whether you use a tax agent or do your own, getting your tax return right is important. Mistakes or fraudulent claims may come back to bite you.
Electric vehicle owners appear to have no clear right to a refund despite the High Court determining that the tax charged by Victoria was invalid.
The IRS has yet to finish millions of returns from the 2021 tax season. That doesn’t bode well for 2022.
Top contributors
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Professor and Founding Director of UNSW Tax and Business Advisory Clinic, UNSW
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Senior Lecturer, The University of Melbourne
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Professor Emerita of Law, Vanderbilt University
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Professor of Accounting, Western Governors University School of Business
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Senior lecturer tax and accounting, Western Sydney University
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Senior Lecturer in Taxation Law, Adelaide University