How to Get a Tax Refund

Nearly 75 percent of taxpayers get tax refunds each year. Of those, 50 percent complete their own returns. Whether you are a first-time filer, or you just need a refresher course, follow these guidelines to get your tax refund.

Things You'll Need

• Income tax forms
• Previous year's tax return
• Drivers license number
• Social Security number
• Receipts
• W-2 forms
• 1099 forms
• Income tax software
• Internet access

Instructions

1. Gather all the documentation you will need to prepare your tax return, including last year's return, 1099s, W-2 forms, receipts, personal information, income from investments and medical expenses.

2. Print out a copy of all your financial transactions for the previous year if you keep track of that with a personal financial software program. The report will save you the trouble of having to sort through canceled checks.

3. Organize your information by categories, such as personal data, income, expenses, deductions and medical costs. Have a checklist for each one and mark off the information once you have it.

4. Use last year's return as a guide and insert the new data. If you are using income tax software input your data into the appropriate forms. Double check your calculations to ensure your return is error-free.

5. Mark the appropriate box if you would like your refund directly deposited into your bank account.

6. Sign and date your state and federal returns along with your spouse, if you are filing a joint return. Make copies of both returns and any attachments for your records.

7. Give your return a "once over" before putting it in the mail or filing it electronically.

8. Call the refund hotline [phone]) to find out the status of your refund. Allow three weeks for processing before inquiring.

Tips & Warnings

• Consult an accountant, a tax preparation service or one of the online tax websites if you have questions or need additional information.

Resources

• Information on tax preparation