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Personal Finance and Investing

progree

(11,994 posts)

5. Not all refunds are a return of what the person paid in. Some people get the

Reply to MichMan (Reply #3)

Sun Jan 27, 2019, 04:53 PM

Jan 2019

earned income credit and the child tax credit, and a "refund", even though they paid nothing in either through estimated taxes or withholding or by any other means. Google: refundable credits.

A friend of mine was self-employed and paid nothing in, in any way, shape, or form, but got something like a $3,000 check.

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Expecting a Big Tax Refund? Don't Be So Sure [View all] question everything Jan 2019 OP

Many taxpayers are ignorant MichMan Jan 2019 #1

Frankly, all taxpayers are ignorant. My taxes are mildly complicated and I have an economics Squinch Jan 2019 #2

At least I understand that a tax refund is only my own money MichMan Jan 2019 #3

I think that is very true. Squinch Jan 2019 #4

Not all refunds are a return of what the person paid in. Some people get the progree Jan 2019 #5

Tax Fraud is an issue when people deliberately cheat the system MichMan Jan 2019 #6

Nope, it's not tax fraud. Her reported income was $16,000 or $17,000 and has one child. progree Jan 2019 #7

Just hate it when people cheat the system. Good to know that wasn't the case MichMan Jan 2019 #8

😂😂😂 Me too n/t progree Jan 2019 #9

My taxes are just complicated enough that I cheerfully employee an accountant to do them. PoindexterOglethorpe Jan 2019 #10

Itemizing rinopa Feb 2019 #11