Taxes 2010: New IRS Tax Code Changes Explained

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A: IRS2GO, an application for your Android phone or iPhone, allows you to check your federal refund status and the amount you will get back, Willis said. You'll get an e-mail confirming the expected date of your refund. The app is free, includes tax tips and it's available at www.irs.gov.

Q: Why is a big refund not necessarily the best thing?

A: Willis said that getting a big refund isn't a sound financial practice. It means you've essentially given the federal government an interest-free loan. She advised that taxpayers recalculate their withholding so they get their money throughout the year and invest it rather than give it away.

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