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One in four Americans have no idea if they'll get a tax refund this year, according to new research. <br/><br/>A survey of 2,000 U.S. adults looked at how many are thinking ahead when it comes to their taxes and found the percentage of those who aren’t sure if they’ll get a tax refund is up to 25% from 20% last year.<br/><br/>On the other hand, 43% anticipate getting a tax refund in 2024, slightly up from 40% last year.<br/><br/>The average respondent who thinks they will be getting a tax refund estimates that they’ll get back $2,023.50 this year, down from the average of $2,338.40 last year.<br/><br/>Conducted by OnePoll for Cricket Wireless, the annual tax time survey found that two in three Americans said that if they received a tax refund in 2024, they would use it in a more “mature” way than years past (67%).<br/><br/>Of those who anticipate a tax refund, three in five are relying on that extra income and 36% plan on saving it, compared to just 26% last year.<br/><br/>Half of those who have gone through a major life event like putting contributions into a retirement plan (17%) or getting a new job (11%) also said that they would use their tax refund to help financially support new changes.<br/><br/>However, a quarter of Americans admit to feeling stressed leading up to the tax deadline (28%).<br/><br/>What’s causing that stress? For many, it’s uncertainty over what to expect.<br/><br/>For instance, of those who experienced life changes over the past year, such as getting married or having a kid, only 38% knew that these events will affect their tax return.<br/><br/>Knowledge also plays a role in respondents’ uncertainty, as one in five couldn’t define common tax terms like “adjusted gross income,” “dependent” or “filing status.”<br/><br/>The economy is also a culprit for those who are less certain about their finances this year.<br/><br/>Only a third of Americans think the 2024 economy will be better than the previous year (34%), with 45% sharing that this perspective impacts their decision to spend or save their tax refund.<br/><br/>To combat this, a majority of respondents have done more budgeting (68%) and 44% have spent less money, overall.<br/><br/>“High inflation and an unpredictable economy make many Americans feel uncertain around tax season,” said Tony Mokry, chief marketing officer at Cricket Wireless. “For many, this is the only time of year that they receive a windfall and how they treat these funds oftentimes sets the tone for their year financially. We continue to encourage consumers to look for value where they can, particularly on recurring bills like phone plans.”<br/><br/>However, those surveyed are taking control of their finances, keeping track of them on their phone (51%).<br/><br/>While only half of respondents last year used a banking app (52%), that number is up to 92% of those who use finance apps today.<br/><br/>Mobile wallet (48%) and investing apps (42%) were also among the most common finance apps last year, and are still popular among respondents this year (66% and 39%, respectively).<br/><br/>Credit score management apps have also climbed in popularity (39%) and one in five have a tax filing app, too (18%).<br/><br/>To make use of their resources, nearly a quarter of those who own a smartphone will use it to file their taxes in 2024 (23%).<br/><br/>“It's reassuring to see that more people are using their phones to manage their finances,” said Tony Mokry, chief marketing officer at Cricket Wireless. “It's difficult to stay on top of it all, but having access at your fingertips takes the headache out of managing money, making it easier than ever to track your spending, budget effectively, and work towards your financial goals.”<br/><br/>Survey methodology:<br/>This random double-opt-in survey of 2,000 general population Americans was commissioned by Cricket Wireless between Jan. 11 and Jan. 16, 2024. It was conducted by market research company OnePoll, whose team members are members of the Market Research Society and have corporate membership to the American Association for Public Opinion Research (AAPOR) and the European Society for Opinion and Marketing Research (ESOMAR).

Average American expects this much cash from their 2023 tax refund

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The Court of Appeal upheld the death sentence of six men convicted of murdering Deputy Public Prosecutor Datuk Anthony Kevin Morais nine years ago.<br/><br/>A three-bench panel consisting of Judges Hadhariah Syed Ismail, Ahmad Zaidi Ibrahim and Azmi Ariffin unanimously dismissed the appeal filed by the six men to set aside the decision of the High Court on July 10, 2020, which convicted and sentenced them to death for the murder.<br/><br/>In the court's decision on Thursday (March 14), Judge Hadhariah said after examining all the grounds of judgment by the High Court judge and the evidence presented in court, the Court of Appeal found that the High Court judge did not err in terms of law and facts.<br/><br/>Read more at https://shorturl.at/orxNQ<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

Kevin Morais murder: Appeals court upholds death sentence for six

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If filing your taxes has you feeling overwhelmed, you're not alone. It's not easy to know all the ins and outs and to make sure you're doing them accurately and to your advantage. The latest announcements from the number one ranked, best-selling tax software, with access to live tax experts, Intuit TurboTax may be the solution. Tax complexity is continuing to increase for many taxpayers, and it's becoming more and more important to proactively seek help from an expert. For example, this year, many taxpayers looking for expert help note that they have retirement or rental property income, are filing multi-state taxes, and are newly self-employed. In fact, a recent Intuit Credit Karma survey revealed that many Gen Z filers are creating LLCs for their digital 'side hustles.' Intuit TurboTax Verified Pro, Christine Wang says, '45% of Gen Z consider themselves digital side hustlers. This includes things such as developing branded content on social media, selling goods on Etsy and eBay, and growing paid audiences on platforms such as Substack. So many filers are seeking live support especially with multiple income sources ---it can feel overwhelming.' TurboTax has teamed up with independent, verified pros, to allow tax filers to fully hand their taxes off to a local expert that TurboTax matches based on the filers unique needs, such as Wang, who will get to know them and their tax situation. Tax filers can continue to work with their verified pro throughout the year and next year for their filing needs. And since the verified pros are backed by Intuit TurboTax, accuracy is 100% guaranteed. 'The benefit is that you also build a lasting relationship, either virtually or in person,' says Wang, 'I have so many clients that say they just feel more confident when they have a live person who knows them and their situation and who can take the worry of taxes off their hands.' Wang says, since local in most states, 76% of US tax filers have an Intuit TurboTax Verified Pro within a 45 min drive. This service also benefits tax pros who have the opportunity to grow their own tax business with the support of Intuit, through marketing, accuracy guaranteed software and office efficiencies. If you need more incentive, TurboTax is offering people who file with an Intuit TurboTax Verified Pro before March 31st a $100 gift card. To learn more visit pros.turbotax.intuit.com. TurboTax offers or discounts don't apply to TurboTax verified pro services (other than the $100 offer described above). Your independent tax pro will work with you to set the final price before preparing your return, based on your tax situation.

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If you're one of the many tax filers out there delaying filing because it's just too overwhelming for you...you're not alone. We caught up with CPA and tax expert with TurboTax Lisa Greene-Lewis for some incentive to help get you out of the procrastination station. For starters, she says get organized by getting all your documents together in one place so you don't leave anything out. Gather documents that report your income and especially don't forget receipts and forms for deductible items like charitable contributions and home mortgage interest. E-file with direct deposit, it's the fastest way to get your tax refund from the IRS and the average tax refund was over $3,000 last year. The IRS will issue most tax refunds within 21 days or less of acceptance with e-file and direct deposit. Be aware of some of the most missed deductions and credits such as the Earned Income Tax Credit (EITC), worth up to $7,430 for families with three kids who qualify. The IRS states one out of five qualifying families miss the credit. Then there's the Other Dependents Credit (ODC) if you have been supporting a boyfriend or girlfriend. Lastly, deductions for student loan interest, since the pause on student loans was lifted last year. If you are delaying filing because you are eligible for the Child Tax Credit and you are hearing about changes, don't delay filing. The IRS commissioner has stated that if the child tax credit is expanded later this year, the IRS will adjust impacted returns, issue any additional credits, and you won't need to do anything extra so there's no need to delay. Greene-Lewis says you can now also enlist the help of a real-life TurboTax expert and it can be more beneficial than you even realize. TurboTax full-service experts can prepare your taxes from start to finish and they won't sign and file your taxes until your return is 100% accurate and you are getting the best possible outcome. TurboTax walks you through all of your deductions and credits you're eligible for, but to help you easily get your taxes done and off your plate, you can get matched with a tax expert who specializes in your unique type of tax situation and can do your taxes from start to finish. If you need even more of an incentive, you can get $100 back instantly at filing when an Intuit TurboTax expert does your taxes with TurboTax full service. To be eligible for this offer, you must file using full service by March 31. For more info head to turbotax.com . Full Service $100 back offer Credit applies only to federal filing fees for TurboTax full service and not returns filed using other TurboTax products or returns filed with Intuit TurboTax Verified Pro. Also excludes TurboTax live full service business. Credit does not apply to State tax filing fees or other additional services. If federal filing fees are less than $100, the remaining credit will be provided via electronic gift card. Intuit reserves the right to modify or terminate this offer at any time for any reason in its sole discretion. Must file by March 31, 2024 at 11:59 pm et.

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