exactly how do tax refunds work?

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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.

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27 Answers

Anonymous 0 Comments

You would have to read the form they/you prepare to see what’s going on

Chances are you either paid more than you owe already, have a child, are eligible for the Earned Income credit, and/or have some other tax credit paying off a lot of what you owed already.

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