Whole New Meaning For “Tax Return”

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!

Whole New Meaning For “Tax Return”

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.

tax return

2 Responses to Whole New Meaning For “Tax Return”

  1. Independent Accountant July 6, 2010 at 11:05 pm #

    Unfortunately with child care and other credits, many people think you file tax returns to get refunds and get angry when told they will not get one.

    IA

  2. Daniel Stoica August 18, 2010 at 4:30 pm #

    I love it: Tax Return = Getting my tax money returned.

    Thank You for sharing this awesome story.

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