Taxes Done!!!!

[tajchauvin]

By getting a refund.

Did the refund match what you paid in over the year?

[Dixie-Raven]

Did the refund match what you paid in over the year?

I'm not following your meaning here?

[tajchauvin]

I'm not following your meaning here?

Are you self employed or receive a routine paycheck from an employer? If you receive a paycheck from and employer the income taxes are withheld each pay period.

Your post says you paid no taxes because you received a refund. I’m trying to understand how receiving a refund means you paid no taxes.

[MI bassassassin]

Are you self employed or receive a routine paycheck from an employer? If you receive a paycheck from and employer the income taxes are withheld each pay period.

Your post says you paid no taxes because you received a refund. I’m trying to understand how receiving a refund means you paid no taxes.

Around 50% of “tax payers” get more back than they paid in. In essence they receive welfare from the federal government.

[ThomasD]

Around 50% of “tax payers” get more back than they paid in. In essence they receive welfare from the federal government.

Actually they get welfare from actual tax payers

[MI bassassassin]

Actually they get welfare from actual tax payers

You are correct the feds are the intermediary.

[basshammerwannabe]

Are you self employed or receive a routine paycheck from an employer? If you receive a paycheck from and employer the income taxes are withheld each pay period.

Your post says you paid no taxes because you received a refund. I’m trying to understand how receiving a refund means you paid no taxes.

LOL yeah i wish my refund matched what i paid in taxes .. but if it zeroed out.. would we even be paying taxes

[smokewagon]

Are you self employed or receive a routine paycheck from an employer? If you receive a paycheck from and employer the income taxes are withheld each pay period.

Your post says you paid no taxes because you received a refund. I’m trying to understand how receiving a refund means you paid no taxes.

He is saying he did not have to enclose a check with his tax return. His tax withholding was more than enough, since he is getting a refund.

[basshammerwannabe]

He is saying he did not have to enclose a check with his tax return. His tax withholding was more than enough, since he is getting a refund.

so you're put into the tax brackets depending on what you made... you get refunded off what was withheld? and that depends on what you claim/dependents etc?

[Dixie-Raven]

He is saying he did not have to enclose a check with his tax return. His tax withholding was more than enough, since he is getting a refund.

Correct or if they need further explanation....Read line 34 shown below from 1040 Form

1040 form.jpg

[tajchauvin]

He is saying he did not have to enclose a check with his tax return. His tax withholding was more than enough, since he is getting a refund.

Ok. Just getting clarification that he paid taxes even with a refund check.

[basshammerwannabe]

I'm not following your meaning here?

Guess hes saying did you get refunded what you paid in taxes..