Anonymous
Anonymous asked in Business & FinanceTaxesUnited States · 1 month ago

Why don't we get all of our money back when doing taxes ?

I have noticed we don't get back all of what is taken out by the state and federal government.  I get around $1500 which they take more then that. 

22 Answers

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  • Anonymous
    1 month ago

    The IRS makes your employer take an amount that is meant to ensure that your taxes are covered, and you (or your preparer) have to calculate the correct amount of taxes yourself and ask the IRS to return what's left over. 

  • 1 month ago

    The money you get back after filing your return is actually the amount of overpayments you in your payments all year. What they keep is your share of the costs of running the government.

  • L
    Lv 5
    1 month ago

    You would get more back if you had more deductions. 

  • 1 month ago

    Why? Because you are being taxed. You have to pay SOME taxes. Just because you overpay doesn't mean you have the right to get it all back. That's what taxes are. 

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  • 1 month ago

    What do you think pays for the government?

  • garry
    Lv 6
    1 month ago

    havent you heard , everyone pays tax ..

  • Judy
    Lv 7
    1 month ago

    You have to pay tax.  That's th part they keep

  • 1 month ago

    Because if they gave everyone all of their money back the government wouldn't have any money to pay for government programs and the whole tax system would be pointless.

  • Anonymous
    1 month ago

    Think hard about the word tax.

  • Anonymous
    1 month ago

    Because that's what a tax is - money you give the government.

    You only get a refund if you overpay your taxes. 

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