eli5: can someone explain tax returns?

429 views

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

20 Answers

Anonymous 0 Comments

A tax return is money that the government over charged you throughout the year. When you file your return with all its tax deductions the government gives you back your own money. It’s not free money, it’s your money that was taken and you’re asking for it back.

You are viewing 1 out of 20 answers, click here to view all answers.