Tax Refunds, Tax Returns, And Withholding: Why Would You Owe More In Taxes?

27 February 2019
 Categories: , Blog

Every year, many people get tax refunds back. Understandably, it can be surprising if you go from getting a tax refund back to having to pay the IRS, instead. This is especially true if you haven't changed your salary. What exactly controls whether you get a tax refund? Tax Withholding: Why You Often Get a Refund With every paycheck, your employer deducts a certain amount of tax and pays this. This is an estimated amount of how much you owe, based on the number of dependents you have. Read More