i always see so many people talk about tax returns or tax season around this time and its so confusing. to me it seems like free money
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A tax return is as the name suggests a return of your taxes… or in some cases you owe the government.
Every paycheque you receive from your employer will have deductions some goes to the company some goes to something else and some goes to the government… because the government wants to “borrow” your money. Every return period you receive a portion of the taxes paid to the government if you or something you entrusted filed your taxes correctly. However if you accidentally over state the amount you owe they will hound you for that money back… but likewise to them wanting their money back you must also get your own money back if they under pay you.
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