Under which circumstance might you receive a tax refund from the IRS?

Under which circumstance might you receive a tax refund from the IRS?

A: When your total of previous payments and applicable credits is more than the tax you owe.

B: When your total of previous payments and applicable credits is less than the tax, you owe.

C: When your total of previous payments and applicable credits is equal to the tax, you owe.

D: None of the above.

Answer:

The correct answer is option A.

Explanation:

You might receive a tax refund from the IRS when your total of previous payments and applicable credits is more than the tax you owe.

So, Option A is the right answer.

Under-which-circumstance-might-you-receive-a-tax-refund-from-the-IRS?
Under which circumstance might you receive a tax refund from the IRS?

IRS:

IRS stands for Internal Revenue Service. The circumstance in which you might receive a tax refund from the IRS if you have paid more taxes than you owed for the year. You can manage this by withholding you taxes properly

You will earn a tax rebate from internal revenue service if you have spent more in taxes as compared to your total pay throughout the whole year. The owed taxes are minimum than the net amount given to the IRS through the year.

If you earn credits for what you can diminish from your net salary, then you will be empowered to collect wealth back after the year for overpayment throughout the year.

 

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