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 Publication 6292 a Rev 9 Fiscal Year Return Projections for the United States 2020

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welcome to county office your ultimate guide to local government services and public records let's get started how are tax refunds calculated have you ever wondered how tax refunds are calculated it's actually quite straightforward once you understand the process to start a tax refund occurs when you've paid more in taxes throughout the year than you actually owe this can happen for a few reasons for instance if your employer was holds too much from your paychecks based on the information you provided on your W4 form you might end up overpaying your taxes another scenario is if you're self-employed and you overpay your estimated quarterly taxes to avoid any surprise tax bills or penalties at tax time additionally if you're eligible for refundable tax credits such as the earned income tax credit eitc or the child tax credit CTC these credits can reduce your tax liability below zero resulting in a refund here's how it works when you file yo

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