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What is the standard refund amount for individual taxpayers?

April 26, 2017individual refund standard taxpayers

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What is the standard refund amount for individual taxpayers?

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Individual taxpayers may claim the standard refund amount of $30 to $60, based on the number of exemptions claimed on their tax return. For those claiming: • 1 exemption, the standard refund amount is $30 • 2 exemptions, the standard refund amount is $40 • 3 exemptions, the standard refund amount is $50 • 4 or more exemptions, the standard refund amount is $60 If the individual taxpayer does not normally file a tax return, they should use IRS Form 1040EX-T to claim the standard refund.

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Posted

Individual taxpayers may claim the standard refund amount of $30 to $60, based on the number of exemptions claimed on their tax return. For those claiming: • • 1 exemption, the standard refund amount is $30 • 2 exemptions, the standard refund amount is $40 • 3 exemptions, the standard refund amount is $50 • 4 or more exemptions, the standard refund amount is $60 If the individual taxpayer does not normally file a tax return, they should use IRS Form 1040EX-T to claim the standard refund.