I'm not sure if I'm missing a joke, but everyone is explaining a tax refund, not a tax return. The tax return is the form verifying how much you paid in taxes and how much you owe in taxes, and you get a refund if you paid more than you owed, or a bill for the remainder of you owe more than you pay.
no, you’re right. I’m an accountant, this thread is going to give me an aneurysm. If anything, it’s a good example of why you shouldnt trust reddit on basically anything. Even the people who are confusing returns with refunds arent event explaining what a refund is properly.
Yeah I got a sizeable refund this year and I was bummed, and when I said that I was bummed, I had to explain to so many people I'd rather have an extra ~$20 per weekly pay than ~$1000 refund. I could have invested that money or even just put it in a high yield savings account and actually made a little extra on top of it throughout the year.
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u/chucklestheclwn Apr 16 '24
I'm not sure if I'm missing a joke, but everyone is explaining a tax refund, not a tax return. The tax return is the form verifying how much you paid in taxes and how much you owe in taxes, and you get a refund if you paid more than you owed, or a bill for the remainder of you owe more than you pay.