I was helping my daughter prepare her tax return last night. She graduated in May of 2009 and started a job in August 2009. As she was entering information into Turbo Tax, she asked me how much money she would get back. I informed her that she may or may not get any money back. In fact, some years she might have to write a check!
She was shocked! She said, “I thought tax returns meant that they return your taxes!”
Once I stopped laughing, I spent the next 30 minutes explaining the difference between getting a refund and how much taxes you pay. Needless to say it was an awakening for her.
