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A tax return is the money you receive back from the government when they calculate that you over pad on your taxes throughout the year. If taxes are automatically deducted from each paycheck, your paycheck is your net income. The government often takes more than they are supposed to receive. If you file your tax return documents on time, you will typically receive a check in the mail of the difference that you are owed. If your paychecks are given without deducting taxes, you will owe the IRS money at the end of the year.

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Related Questions

What are tax return loans?

Tax return loans are when an individual borrows an amount of money against their tax return.


What is file an amended tax return?

If you have filed a tax return but you then realize that your return is inaccurate in some way and you wish to correct the inaccuracy, you can file a revised tax return which would be called an amended tax return.


Can I amend my state tax return only?

Yes, you can amend your state tax return separately from your federal tax return.


When filing for the federal income tax return do you have to attach schedule a for the state income tax return?

No, when filing for the federal income tax return, you do not attach the Schedule A for the state income tax return.


What salary amount is enter on your tax return?

That question is not on your tax return.


Do you send your W2 with your tax return?

No, you do not send your W2 with your tax return.


H and R Block checking on tax return?

status on tax return


A server provided by e-government that requires access to the internet is?

E-tax returns


Who must file a tax return?

An income tax return must be filed by anyone eligible for a tax refund.


Do you send a copy of your state tax return with your federal tax return?

No, you do not need to send a copy of your state tax return with your federal tax return. State tax returns are filed separately from federal tax returns and typically do not need to be submitted together.


Do you need to include federal tax forms with your Indiana return?

No. You enter information from your federal tax return onto your Indiana tax return. But a copy of your federal return doesn't need to be attached.


Where do you mail your federal tax return if you live in Illinois?

where do i mail my federal tax return

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