Kumi, your coworker, has been working on his taxes for the last two months. if Kumi gets a larger-than-average tax return this year, he is likely to believe that it happened because of an tax program he used to prepare his taxes.
What is tax return?
- A tax return is a form submitted to a tax authority that reports income, expenses, and other relevant tax information.
- Taxpayers can use tax returns to calculate their tax liability, schedule tax payments, and request a refund of overpaid taxes.
- Tax returns and tax refunds are not the same thing, but they are closely related.
- For example, the deductions and deductions you claim on your tax return may result in more tax refunds.
- And if you're in a rush to get your scheduled refund, applying online well in advance of the deadline will speed up the process.
- A tax refund can arise from a variety of circumstances.
- However, the most common is when you end up paying more taxes throughout the year than you actually owe.
- Since the majority of taxpayers are employed, this is what happens when too much is deducted from your paycheck each week.
To learn more about tax return from the given link :
https://brainly.com/question/18493708
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