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
In: 9
On your paycheck, you normally have the government withhold some of that amount for tax.
But the amount withheld throughout the year is just an estimate. The exact tax must be determined by filling out a tax return and filing that with the IRS.
It’s not “free money”, because it’s money that was already yours to begin with, it was just withheld.
Latest Answers