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What is an income tax return?
It is the form or set of forms that you fill out to reconcile what you paid in through the year in federal (or state) income taxes with what you actually owed for the year. As such, you need to receive forms from your employers (W-2 forms) that show how much you earned and how much tax you…

id before you can complete your tax return. When done, you learn if you owe more taxes (and proceed with a voucher to pay) or if you are owed the refund of what you overpaid in taxes for the year.

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