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Get your taxes done using TurboTax
On your annual tax return a tax liability is calculated and then your withholding is used to "pay" that tax and if you overpaid thru withholding you get the excess withholding back as a REFUND. Thus the IRS shows you paid that tax and reports it as such. This doesn't mean you paid in MORE tax on the return... does it make sense now?
‎December 23, 2023
6:22 AM