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Life in the USA Personal Finance Taxes
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Tax Returns
On the least popular day of the year, April 15, you will be required to file a tax “return” for the previous year. The return will list your income and any allowed deductions or credits against that income. You'll then figure out the tax you owe. If the amount is less than the amount withheld during the year, you'll get a refund check. It's always pleasant to get such a check, but in fact what you've actually done is given the government an interest-free loan for the amount of the refund.
Tax Return Preparation Services. While you can hire people at very reasonable
cost to fill out your tax returns for you, there is no substitute for knowing as much as
possible about the tax system yourself.
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