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At the end of the Tax Withholding Estimator, you will see whether you can expect a refund or if you will owe at the end of the year. If you are expected to owe and would prefer a refund, the IRS ...
While getting a tax refund is nice, it really means you’ve had too much of your income withheld from your paycheck throughout the year. Essentially, it’s money you overpaid to the government ...
Pretty much all of the COVID-19-related tax changes and benefits weren't in place last year, which means your refund could be very different from the past few years.
Withheld income taxes are treated by employees as a payment on account of tax due for the year, [7] which is determined on the annual income tax return filed after the end of the year (federal Form 1040 series, and appropriate state forms). Withholdings in excess of tax so determined are refunded.
Federal withholding tax is a set amount of money withheld by your employer and paid directly to the government. Here's how much you'll pay in 2025.
Taxpayers are usually not required to attach Form 1099s to their own Federal income tax returns unless the Form 1099 includes a report for Federal income tax withheld by the payer from the related payments. The issuance or non-issuance of a Form 1099 in a particular case is not determinative of the tax treatment required of the payee.