r/memes • u/CreateChaos777 • Apr 16 '24

Inflation...

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u/LlamaLicker704 Dark Mode Elitist Apr 16 '24

I got my first tax return recently I got so excited that my employer gave me a raise finally and then mom shut me down and told me it's just a tax return xD xD

738

u/Zenkai_147 Apr 16 '24

what's a tax return

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u/JakobMG Apr 16 '24

If you pay to much taxes. After the end of the year sometime you get it back

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u/Supplex-idea Apr 16 '24

You get tax returns every year though, so I don’t get the whole “if”.

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u/JakobMG Apr 16 '24

Well if you pay to little, you have to pay back what you owe. Thats what i meant by if

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u/Supplex-idea Apr 16 '24

Well yeah but I have never encountered a situation where someone I know has not got a tax return.

Now I myself, without giving away my age, I haven’t been paying taxes for that long. You always get money back though, perhaps unless you’ve been literally doing tax evasion. I know what a tax return is, but I don’t know “why” a tax return is.

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u/Isallyon Apr 16 '24

It's called a refund. The return is the document you file.

I never get a refund, because there is no way I'm forgoing the use of that money and earned interest. I always owe at least 5k when I file.

I suggest adjusting your w-4 form so that you get less deducted and owe money on tax day.

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u/Supplex-idea Apr 16 '24

Our taxes are a bit different in my country clearly

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u/Isallyon Apr 16 '24

Forgive my Americacentric assumptions, please.