Where's Your Tax Refund?
by Tax Office Staff

Usually tax refunds are sent out within a few weeks of the IRS receiving your tax return. On the tax return itself you have the option of receiving your refund via paper check, direct deposit, or electronic funds transfer. Of these options, paper check is the slowest option.

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If you are in need of your refund immediately, you may use a refund anticipation loan to receive the money instantly.

You are also given the option of portioning out the refund to multiple bank accounts. Additional forms are required to use that option.

If after around six weeks you still have not received a refund, it means there may have been a problem processing your return or your refund. For amended returns the wait can be as long as 12 weeks.

If you believe there was a problem with your refund, check with your tax preparer or check your status through the tax software or tax Web site used to file. You may also contact the IRS directly to check the status of a refund.

To avoid future problems with your tax return, we recommend you file your taxes electronically and choose direct deposit. Not only will this ensure a mistake-free return, but it virtually guarantees the fastest processing of your refund.

Special Tax Break Available for New Car Purchases This Year

IR-2009-30, March 30, 2009

WASHINGTON – The Internal Revenue Service announced today that taxpayers who buy a new passenger vehicle this year may be entitled to deduct state and local sales and excise taxes paid on the purchase on their 2009 tax returns next year.

"For those thinking about buying a new car this year, this deduction may give them a little more drive to make their purchase this year," said IRS Commissioner Doug Shulman. "This deduction enables taxpayers to buy now and get cash back later on their tax returns."

The deduction is limited to the state and local sales and excise taxes paid on up to $49,500 of the purchase price of a qualified new car, light truck, motor home or motorcycle.

The amount of the deduction is phased out for taxpayers whose modified adjusted gross income is between $125,000 and $135,000 for individual filers and between $250,000 and $260,000 for joint filers.

IRS also alerted taxpayers that the vehicle must be purchased after Feb. 16, 2009, and before Jan. 1, 2010, to qualify for the deduction.

The special deduction is available regardless of whether a taxpayer itemizes deductions on their return. The IRS reminded taxpayers the deduction may not be taken on 2008 tax returns.