How does tax return work?

When you get paid, your employer takes out taxes that YOU tell them to take out. They have no idea what other forms of income you may have, what adjustments you may have, nor what deductions you may have. So they only take out what you told them to take out. You are the one responsible for knowing your total tax burden for the year.

After the year is over, you file your tax return, listing all those sources of income (wages from your job, interest, dividends, and capital gains, lottery and/or gambling winnings, etc.), all the adjustments you may have (interest paid on student loan for example), and all deductions you have (home mortgage interest, medical expenses, state and local taxes paid, charity contributions, etc.). This is all calculated to come up with your actual tax liability for the previous year. Then you look at what you actually paid, and if you paid more than your actual liability, you get the difference back as a refund. If you did not pay enough, then you write them a check for the difference.

So will you receive all the money the government took from you? Probably not, unless you end up being exempt from taxes last year. Most people receive a refund, but not anywhere close to how much they paid in.

A tax return is a form you fill out to see how much income tax you owe. The amount withheld for income tax is compared to what you owe, and if too much was withheld, any overpayment is refunded. If yu make so little that you don't owe any tax, all that was withheld for income tax woul be refunded. The amounts taken for social security and medicare are not refunded.

Every year, your refund is calculated as the amount withheld for federal income tax, minus your total federal income tax for the year. A large portion of the money being withheld from each of your paychecks does not actually go toward federal income tax.

no

the SS and Medicare are not refundable nor is the state employee tax withheld

if you are single no dependents your non taxable income is $10150, if you did not make that much and income tax was withheld, box # 2 on the W-2, you file a tax return to claim that for a refund

Doesn't work like that, no. You receive back anything you overpaid. Not everyone gets a refund, some people owe even more. If you got everything back, withholding it would have been a waste of time in the first place....

No. Sometimes you receive some of the money. Sometimes you receive none of the money. You never receive all of the money. The government always keeps some (or all) of the money.

SEARCH a 1040EZ form online. ONLY use .DOT GOV sites--The rest will fool you in to thinking it is free but when you go to print your form they will charge you. You can download 1040EZ instruction booklet to your computer to use and follow step by step. If you've made a mistake the IRS crew will correct it and send you a letter telling you what they did and send your refund. It's not as scary as you've heard.

You get how much you overpaid. You fill out a tax return to determine the amount.

You calculate how much you were supposed to pay last year. Then if you actually paid more than you were supposed to pay, you'll get the difference back. If you didn't pay as much as you were supposed to, then you'll have to pay them more.

No, what would be the point of that?