And on top of the philanthropic accomplishment youâve done, you still get a bonus reward of having your donations be eligible for tax deductions. Like I have mentioned earlier, donations to public schools are treated the same when you donate to charity or other nonprofit organizations.
The IRS says it expects to issue more than 9 out of 10 refunds within 21 days, but the fastest way to get a refund is to e-file and choose direct deposit. Even if you file the old-fashioned paper way, having your refund deposited directly into a bank account cuts the time you have to wait for your tax cash.
If you receive a Form 1095-A, you will use the information on the form to complete Form 8962, Premium Tax Credit (PTC) in order to claim the premium tax credit or to reconcile advance credit payments on your federal tax return.