Teletax

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DEFINITION of 'Teletax'

A fully automated phone service that offers prerecorded messages on various tax topics for callers. Teletax covers about 150 different tax-related issues commonly faced by taxpayers, such as who must file, tax credits, retirement accounts and payment arrangements.

BREAKING DOWN 'Teletax'

Teletax also provides filers with automatic information about their refund status. An update is usually available for a taxpayer approximately four to five weeks after filing. The Teletax system allows callers to access various topics by typing in a three-digit code. All Teletax topics are also now available online at www.irs.gov.

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RELATED FAQS
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    This may come as a surprise to many individuals, but not everyone needs to file a federal tax return. According to the IRS, ... Read Full Answer >>
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    It depends. If these were Traditional IRA contributions, they may be reflected on your tax return. Otherwise, you may ask ... Read Full Answer >>
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    Your spousal Social Security benefits may be taxable, depending on your total household income for the year. About one-third ... Read Full Answer >>
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    The Social Security tax rate is 12.4% as of 2015. Of that amount, the employee is responsible for half, or 6.2%, and the ... Read Full Answer >>
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