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How To Figure Out How Much You're Getting Back In Taxes. The most obvious sign that you are paying too much tax is the size of your refund. I would also recommend waiting until you have your w2.
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Tax returns are issued when your paycheck withholdings exceed the amount you owe. It’s your way of paying into the system. Fill out the basic 1040 ez (you dont have to select, its all explained).
Tax refunds are a return of the money you overpaid in taxes during the prior year.
Tax refunds are calculated by subtracting the amount of federal income taxes withheld from your total. Use our income tax calculator today to see where you stand. You can go onto turbotax. The first thing you'll need to do is gather all of your relevant returns and documents that relate to each year you still owe back taxes for.
