Missus_Aitch_99 t1_jecptz8 wrote
It’s because you can incur a fee for underwithholding if you owe too much in taxes at the end of the year. You’re supposed to pay estimated taxes in the quarter in which you received the income.
Overthinkingopal OP t1_jecty8r wrote
Okay so like how when you fill out a w2 if you do 0 withholdings you are likely to get more of a tax return than someone in the same pay and job as you that has everything withheld and likely will owe?
Missus_Aitch_99 t1_jecu7vy wrote
Yes. And the money you get back is a refund, not a return. The tax return is the form or set of forms you submit.
Viewing a single comment thread. View all comments