Income Tax Refund

[crackdragon]

It 's a beautiful thing! Especially when one is as poor as I am

[PHOTONIC]

oh i agree... i just did mine like an hour ago... its like a really big free paycheck:)

[e_BoY]

Last year i worked a total of 1 week lol and got a return of $90. Im poor rite now so its dope

[Carmen]

I don't understand how it all works. Any1 wanna explain? :310: And what happens if we don't do anything about our Income Tax Refund? Where would the $$ go to?

[e_BoY]

i dont know anything either my dad jsut does this stuff and shoves me somehting once in a while telling me to sign it

[inkster]

Originally Posted by Carmen

I don't understand how it all works. Any1 wanna explain? :310: And what happens if we don't do anything about our Income Tax Refund? Where would the $$ go to?

the government takes money off every paycheck you get. if you make less than a certain amount every year, they give it back. if you make more than that certain amount, they calculate how much you should have given them, and depending how much was taken off your checks, you either get a refund, or have to pay.

if you don't do anything, not much will happen. but when you do, they calculate interest from the date of the deadline. if you get a return, the interest rate is moderate. if you have to pay, it's pretty hefty.

cerah should probably elaborate more. she used to do this stuff for fun. :)

[Carmen]

Oooh I get it...sorta. Thanx! :keebler: