Get Ready for Tax Refund Season in Eau Claire!
As the end of the year nears, one of the things to start thinking about is the upcoming tax season. It’s good to start preparing for tax return(s) early. That way, you know if you have to pay additional taxes or you will be getting a refund. You may have a plan for your refund such as downpayment for a house, big purchases like car; investing; or simply saving. It’s good to get it early.
2023 Tax Refund Timeline
One important question that everyone has is when do I file my taxes and when should I expect my refund. The tax deadline is April 15, 2024. When you receive the tax refund depends on when you file and what tax credits you are eligible for. Most Americans who receive their refunds by direct deposit can receive it in as little as two weeks. However, the IRS delays processing by two to three weeks if the income tax return has the Earned Income Tax Credit (EITC) or Child Tax Credit (CTC) so that they can verify the credits.
Using Tax Refund as Down Payment for a Home in Eau Claire
There is an opportunity to get a tax refund and use it towards a large purchase that you have been wanting for a while, such as a new home. In fact, many of our homeowners have used their refunds as down payment for homes in our communities! Typically our buyers put $4,000 to $15,000 as down payment on a brand new home.
Starting off the New Year in a new home is a perfect way to start your year. In particular, living in the Hillcrest or Villa Diann communities within Eau Claire have wonderful homes to offer. Check out available homes and available floorplan.
Why Hillcrest Estates and Villa Diann?
Hillcrest Estates and Villa Diann are in two of the best cities in Chippewa Valley- at least we think so! Eau Claire and Altoona are known for its vibrant cultural scene, outdoor recreational activities, and a strong sense of community. Residents can enjoy beautiful parks, trails for hiking and biking, and engaging local events and festivals. Eau Claire is also home to excellent educational schools, healthcare facilities (Mayo Clinic), and a diverse culinary scene. From cozy cafes to fine dining restaurants, the area has something to suit every palate. Further, Costco recently opened up a new store in Eau Claire, just minutes from Villa Diann, providing great convenience for the residents.
Sources:
https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2022