I’ve only recently joined the working force, and I am still not sure of this entire concept.
I know I am supposed to go to an accountant and show him a slip from my job for the returns, and also slips from my stocks that show all the net changes.
What I don’t understand is \*why\* I receive a certain amount after doing all of that.
In: 8
You have money taken out of your paycheck each time you’re paid. When taxes are due and everything is factored in, if they collected too much over the year they give you the overage back. If they didn’t collect enough you don’t get a refund, they tell you you owe them more and you have to pay it.
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