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
Assuming you’re in the US a tax refund is the amount of money over your tax requirement that you paid in. Ultimately at the end of any particular tax period you should neither pay or receive any money.
Also realistically unless you are making a ton of money or own your own business there is no reason to include an accountant.
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