{"id":59618,"date":"2024-06-07T06:12:51","date_gmt":"2024-06-07T10:12:51","guid":{"rendered":"https:\/\/www.iwillteachyoutoberich.com\/?p=59618"},"modified":"2025-05-14T19:31:37","modified_gmt":"2025-05-14T23:31:37","slug":"how-much-do-i-get-back-in-taxes","status":"publish","type":"post","link":"https:\/\/www.iwillteachyoutoberich.com\/how-much-do-i-get-back-in-taxes\/","title":{"rendered":"How much will I get back in taxes in 2024? (with simple examples)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"59618\" class=\"elementor elementor-59618\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-85fffdb elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"85fffdb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-281ee58\" data-id=\"281ee58\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fd1aadc elementor-widget elementor-widget-text-editor\" data-id=\"fd1aadc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Tax season doesn&#8217;t have to be your yearly nightmare. In this post, I&#8217;ll show you how you might get back in taxes this year, step-by-step<\/p><div style=\"all: initial;\"><div style=\"position: fixed; z-index: 2147483647; inset: 16px; pointer-events: none; font-family: sans-serif;\">\u00a0<\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d3e17e4 elementor-widget elementor-widget-heading\" data-id=\"d3e17e4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How much do I get back in taxes?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8f5ad07 elementor-widget elementor-widget-image\" data-id=\"8f5ad07\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"540\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/01\/kelly-sikkema-8DEDp6S93Po-unsplash-768x540.jpg\" class=\"attachment-medium_large size-medium_large wp-image-97734\" alt=\"\" srcset=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/01\/kelly-sikkema-8DEDp6S93Po-unsplash-768x540.jpg 768w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/01\/kelly-sikkema-8DEDp6S93Po-unsplash-300x211.jpg 300w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/01\/kelly-sikkema-8DEDp6S93Po-unsplash-1024x720.jpg 1024w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/01\/kelly-sikkema-8DEDp6S93Po-unsplash-1536x1080.jpg 1536w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/01\/kelly-sikkema-8DEDp6S93Po-unsplash.jpg 1920w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fe54eb elementor-widget elementor-widget-text-editor\" data-id=\"5fe54eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Every month, a portion of your income gets deducted from your paycheck. These deductions usually (but aren&#8217;t limited to) cover your:<\/p><ul><li>401(k) contribution.<\/li><li>Insurance payments.<\/li><li>Tax withholdings.\u00a0<\/li><\/ul><p>The government withholds your pay based on how you filled out your IRS form W4, which stipulates how much you and your employer agree to withhold for taxes.\u00a0<\/p><p>To estimate your tax refund:\u00a0<\/p><ol><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Find your total income tax owed for the year (I suggest <\/span><a href=\"https:\/\/turbotax.intuit.com\/tax-tools\/calculators\/taxcaster\/#fuegoTaxcasterContent\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">using this tax calculator for a rough estimate<\/span><\/a><span style=\"font-weight: 400;\">).<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">See if that\u2019s more or less than what you\u2019ve had withheld (look on your end-of-year W2 form).<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b2b0bc elementor-widget elementor-widget-text-editor\" data-id=\"0b2b0bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Refund = Amount withheld \u2013 Your tax obligation<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-92db7eb elementor-widget elementor-widget-text-editor\" data-id=\"92db7eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This is a very simple breakdown of how tax refunds are calculated and doesn\u2019t take into account things like tax deductions, exemptions, and benefits claimed throughout the year. But it can give you a rough idea of how much you might get back from the IRS come tax season.<\/span><\/p><p><span style=\"font-weight: 400;\">Let\u2019s take a look at this using two more VERY simplistic examples.<\/span><\/p><div style=\"all: initial;\"><div style=\"position: fixed; z-index: 2147483647; inset: 16px; pointer-events: none; font-family: sans-serif;\">\u00a0<\/div><\/div><div style=\"all: initial;\"><div style=\"position: fixed; z-index: 2147483647; inset: 16px; pointer-events: none; font-family: sans-serif;\">\u00a0<\/div><\/div><div style=\"all: initial;\"><div style=\"position: fixed; z-index: 2147483647; inset: 16px; pointer-events: none; font-family: sans-serif;\">\u00a0<\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-61d6708 elementor-widget elementor-widget-heading\" data-id=\"61d6708\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tax Refund Example #1: No Kids<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9564eb4 elementor-widget elementor-widget-text-editor\" data-id=\"9564eb4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>John is a single 30-year-old with no dependents. Last year, he made $75,000, withheld $15,000, and collected no government benefits.<\/p><p>Check out how much he could get for his 2024 tax refunds (using this <a href=\"https:\/\/turbotax.intuit.com\/tax-tools\/calculators\/taxcaster\/#fuegoTaxcasterContent\" target=\"_blank\" rel=\"noopener\">calculator<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-621144e elementor-widget elementor-widget-image\" data-id=\"621144e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"269\" height=\"300\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-20-at-23.48.53-269x300.png\" class=\"attachment-medium size-medium wp-image-83050\" alt=\"\" srcset=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-20-at-23.48.53-269x300.png 269w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-20-at-23.48.53.png 562w\" sizes=\"(max-width: 269px) 100vw, 269px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7dffa4d elementor-widget elementor-widget-text-editor\" data-id=\"7dffa4d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\">Subtract the red circle from the blue for the refund.<\/span><\/i><\/p><p><span style=\"font-weight: 400;\">In this example, his refund is $3,105. That is just about the average for tax refunds! AND with the new tax laws and tax brackets, he stands to potentially receive more in his <\/span><a href=\"https:\/\/taxfoundation.org\/data\/all\/federal\/2024-tax-brackets\/\"><span style=\"font-weight: 400;\">refunds in <\/span><span style=\"font-weight: 400;\">2024<\/span><\/a><span style=\"font-weight: 400;\"> (about $6,989).<\/span><\/p><p><span style=\"font-weight: 400;\">How about someone who\u2019s married with children?<\/span><\/p><div style=\"all: initial;\"><div style=\"position: fixed; z-index: 2147483647; inset: 16px; pointer-events: none; font-family: sans-serif;\">\u00a0<\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48b6b61 elementor-widget elementor-widget-heading\" data-id=\"48b6b61\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tax Refund Example #2: With Kids<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-554d282 elementor-widget elementor-widget-text-editor\" data-id=\"554d282\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Margaret is a married 45-year-old with three kids under the age of 17. Last year, she made $100,000 and withheld $30,000 in taxes. She\u2019s ALSO the head of her household and collected no government benefits.<\/p><p>How much does she stand to get back?<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ced3b6a elementor-widget elementor-widget-image\" data-id=\"ced3b6a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"271\" height=\"300\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-20-at-23.50.18-271x300.png\" class=\"attachment-medium size-medium wp-image-83051\" alt=\"\" srcset=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-20-at-23.50.18-271x300.png 271w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-20-at-23.50.18.png 558w\" sizes=\"(max-width: 271px) 100vw, 271px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7fed8a9 elementor-widget elementor-widget-text-editor\" data-id=\"7fed8a9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\">Subtract the red circle from the blue for the refund.<\/span><\/i><\/p><p><span style=\"font-weight: 400;\">Uncle Sam might owe Margaret $18,875 when all is said and done. And if her situation doesn\u2019t change in 2025, her refund will likely grow to $19,975.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1377089 elementor-widget elementor-widget-text-editor\" data-id=\"1377089\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">NOTE: Everyone\u2019s tax situation is unique and any online tax refund calculator will, at best, provide you with a <\/span><i><span style=\"font-weight: 400;\">rough estimate <\/span><\/i><span style=\"font-weight: 400;\">of how much you\u2019ll get back. The two examples above are incredibly simple and don\u2019t fully capture the nuances of someone\u2019s actual financial situation.<\/span><\/p><p><span style=\"font-weight: 400;\">Play around with them and be as specific as you can. The more details you can provide the better of an idea you\u2019ll have of what you\u2019ll receive for your refund.<\/span><\/p><p><span style=\"font-weight: 400;\">So now you know roughly how much you\u2019ll be getting back and you\u2019re ready to collect the money Uncle Sam owes you. (Or, if you didn\u2019t withhold enough, how much you owe.)<\/span><\/p><p><span style=\"font-weight: 400;\">Before you hoist your \u201cDon\u2019t tread on me\u201d flag and march down to the IRS building to get your money, you should know about all the ways you can get your tax refund.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dd54c87 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"dd54c87\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c04133d\" data-id=\"c04133d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a3a9525 elementor-widget elementor-widget-heading\" data-id=\"a3a9525\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-large\"><b>Have you listened to the IWT Podcast yet? Check it out TODAY!<\/b><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c300f54 elementor-widget elementor-widget-text-editor\" data-id=\"c300f54\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Want to see me talk to all kinds of people about living their rich lives? If you like this article, we know you&#8217;ll LOVE these episodes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0240847 elementor-widget elementor-widget-video\" data-id=\"0240847\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=JfZTLxHGp2M&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-021ef6b elementor-widget elementor-widget-text-editor\" data-id=\"021ef6b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\"><em>Episode 120. \u201cWe have 3 kids, $1k saved, $0 invested. Is it too late for us?\u201d<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f10e79 elementor-widget elementor-widget-video\" data-id=\"9f10e79\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=g-kRosnN1cQ&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd96a4f elementor-widget elementor-widget-text-editor\" data-id=\"dd96a4f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\"><em>Episode 122. \u201cI shouldn\u2019t have to ask for $20 to get McDonalds for the kids\u201d<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cfa84e6 elementor-widget elementor-widget-heading\" data-id=\"cfa84e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How do I get my tax refund?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d7dc78e elementor-widget elementor-widget-text-editor\" data-id=\"d7dc78e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Luckily for you, the IRS is excellent about getting your tax refund to you.<\/span><\/p><p><span style=\"font-weight: 400;\">In fact, you can check out the IRS\u2019s \u201c<\/span><a href=\"https:\/\/www.irs.gov\/refunds\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Where\u2019s my refund?<\/span><\/a><span style=\"font-weight: 400;\">\u201d tool to find the status of your tax refund <\/span><i><span style=\"font-weight: 400;\">right now. <\/span><\/i><span style=\"font-weight: 400;\">And according to the IRS, they issue <\/span><a href=\"https:\/\/www.irs.gov\/newsroom\/tax-refunds-in-2018-what-to-expect\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">nine out of ten refunds<\/span><\/a><span style=\"font-weight: 400;\"> back to the taxpayer within 21 days after they file their taxes.<\/span><\/p><p><span style=\"font-weight: 400;\">Ultimately, though, how soon you get your refund back depends on two things:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How you file your taxes<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How you elect to receive your refund<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">If you decide to file your taxes through good old fashioned pen and paper, it\u2019s going to take considerably longer to get your refund back. In fact, you\u2019re going to have to wait four to six weeks before you\u2019re even able to check your status on their \u201cWhere\u2019s my refund?\u201d tool.<\/span><\/p><p><span style=\"font-weight: 400;\">There is another route though: Electronic tax filings.<\/span><\/p><p><span style=\"font-weight: 400;\">You receive your tax refund even faster when you file it electronically via platforms like <\/span><a href=\"https:\/\/turbotax.intuit.com\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">TurboTax<\/span><\/a><span style=\"font-weight: 400;\"> or <\/span><a href=\"https:\/\/www.irs.gov\/faqs\/electronic-filing-e-file\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">IRS e-file<\/span><\/a><span style=\"font-weight: 400;\">. There you can elect to receive your refund through direct deposit (a free service provided by the IRS). It\u2019s secure, fast, and the same way the government deposits millions of Social Security and Veteran Affairs benefits each year.<\/span><\/p><p><span style=\"font-weight: 400;\">When you get your money back, be sure to put it to good use!<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76a1491 elementor-widget elementor-widget-image\" data-id=\"76a1491\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"573\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-21-at-00.00.01-1024x573.png\" class=\"attachment-large size-large wp-image-83053\" alt=\"\" srcset=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-21-at-00.00.01-1024x573.png 1024w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-21-at-00.00.01-300x168.png 300w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-21-at-00.00.01-768x430.png 768w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-21-at-00.00.01.png 1180w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c72dfb elementor-widget elementor-widget-heading\" data-id=\"8c72dfb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-xl\"><b>The world wants you to be vanilla...<\/b><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ff3a630 elementor-widget elementor-widget-text-editor\" data-id=\"ff3a630\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u2026but you don\u2019t have to take the same path as everyone else. How would it look if you designed a Rich Life on your own terms? Take our quiz and find out: <!-- notionvc: 80de67d3-cb64-4576-98c7-6349feabc7e2 --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e0f78a2 elementor-widget elementor-widget-button\" data-id=\"e0f78a2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.iwillteachyoutoberich.com\/rich-life-quiz\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Take the Quiz<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d4325f elementor-widget elementor-widget-text-editor\" data-id=\"7d4325f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">So now you know roughly how much you\u2019re getting back and how to get your money. Now, let\u2019s get into what you might be getting WRONG about your tax refund.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf9efc1 elementor-widget elementor-widget-heading\" data-id=\"bf9efc1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What People Get Wrong About Tax Refunds<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe74a58 elementor-widget elementor-widget-text-editor\" data-id=\"fe74a58\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>I have a confession to make: I actually love the kooky financial \u201cexperts\u201d you see on TV or on their online soapbox who lecture you about taxes. Because 99.99% of the time they are DEAD WRONG about money.<\/p><p>One of their favorite go-to buzz phrases:<\/p><p>\u201cIf you\u2019re getting a tax refund, you\u2019re giving the government free money!\u201d<\/p><p>TRANSLATION: If you get a refund, that means the government took your money and earned interest on it for an entire year!<\/p><p>Then these \u201cexperts\u201d are typically out of breath because of their own brilliance.<\/p><p>Let me break this down for you.<\/p><p>The average tax refund is about $3,028. Let\u2019s assume that money would have been sitting in a <a href=\"https:\/\/www.iwillteachyoutoberich.com\/blog\/best-savings-account\/\" target=\"_blank\" rel=\"noopener\">savings account<\/a>\u00a0with a 1.45% APY (that\u2019s on the higher end for savings accounts).<\/p><p>How much interest did you lose through your tax withholdings? $3.62 a month.<\/p><p>I think we can agree the government is \u201cstealing\u201d the equivalent of a latte each month from you. I think we can hold off on our plans to dump a bunch of tea in Boston Harbor.<\/p><p>Here\u2019s a hard truth: If you had that money, you probably would have spent it. That\u2019s not a slight against you \u2014 that\u2019s just human psychology. We as humans have an incredibly finite amount of willpower. That\u2019s why cost-saving measures like cutting out lattes or lunch at your favorite sandwich spot aren\u2019t realistic long-term strategies to\u00a0<a href=\"https:\/\/www.iwillteachyoutoberich.com\/how-to-build-wealth\/\" target=\"_blank\" rel=\"noopener\">build wealth<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc5ebb6 elementor-widget elementor-widget-image\" data-id=\"cc5ebb6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"218\" height=\"300\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-21-at-00.01.47-218x300.png\" class=\"attachment-medium size-medium wp-image-83054\" alt=\"\" srcset=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-21-at-00.01.47-218x300.png 218w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-21-at-00.01.47.png 622w\" sizes=\"(max-width: 218px) 100vw, 218px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe1a087 elementor-widget elementor-widget-text-editor\" data-id=\"fe1a087\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">And yes, technically, they\u2019re right. You <\/span><i><span style=\"font-weight: 400;\">could <\/span><\/i><span style=\"font-weight: 400;\">have been earning interest on the money. I live in a world of reality, however, which means that \u201ctechnically\u201d isn\u2019t always correct.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So in all there are two reasons I\u2019d rather get a tax refund than owe the government money:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If people end up owing the government money at tax time, most won\u2019t have extra cash lying around. We know this because they are terrible at managing their money and have record debt rates. Sorry, it has to be said.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">As stated before, the interest they stand to earn is incredibly low. If you\u2019re worried about saving a few dollars each month, then I highly suggest you go find another blog.<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Here&#8217;s what I believe you should REALLY do with your money:<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-58cb962 elementor-widget elementor-widget-image\" data-id=\"58cb962\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"571\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-21-at-00.02.56-1024x571.png\" class=\"attachment-large size-large wp-image-83055\" alt=\"\" srcset=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-21-at-00.02.56-1024x571.png 1024w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-21-at-00.02.56-300x167.png 300w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-21-at-00.02.56-768x429.png 768w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-06-21-at-00.02.56.png 1240w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0230952 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"0230952\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c41535d\" data-id=\"c41535d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ce2befd elementor-widget elementor-widget-heading\" data-id=\"ce2befd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Master Your Finances<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1384238 elementor-widget elementor-widget-text-editor\" data-id=\"1384238\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Remember: When it comes to your personal finances, worry about the things <\/span><i><span style=\"font-weight: 400;\">you can <\/span><\/i><span style=\"font-weight: 400;\">control.<\/span><\/p><p><span style=\"font-weight: 400;\">Instead of thinking about the \u201cwhat ifs\u201d and how much the government is supposedly earning off of your money, make sure your personal finance house is in order so you can maximize the earnings of what you have.<\/span><\/p><p><span style=\"font-weight: 400;\">My team and I worked hard on something to help you do just that:<\/span><\/p><p><a href=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/ultimate-guide-to-personal-finance.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The Ultimate Guide to Personal Finance<\/span><\/a><\/p><p><span style=\"font-weight: 400;\">In it, you\u2019ll learn how to:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.iwillteachyoutoberich.com\/blog\/how-much-should-i-have-in-my-401k\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Master your 401k<\/span><\/a><span style=\"font-weight: 400;\">: Take advantage of free money offered to you by your company \u2026 and get rich while doing it.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.iwillteachyoutoberich.com\/backdoor-roth\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Manage Roth IRAs<\/span><\/a><span style=\"font-weight: 400;\">: Start saving for retirement in a worthwhile long-term investment account.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.iwillteachyoutoberich.com\/how-to-make-expensive-purchases\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Spend the money you have \u2014 guilt-free:<\/span><\/a><span style=\"font-weight: 400;\"> By leveraging the systems in this book, you\u2019ll learn exactly how you\u2019ll be able to save money to spend without guilt.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cdb577f elementor-widget elementor-widget-heading\" data-id=\"cdb577f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">FAQs About How Much Will I Get Back In Taxes<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39036d9 elementor-widget elementor-widget-heading\" data-id=\"39036d9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What if you owe taxes and can\u2019t pay?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b467990 elementor-widget elementor-widget-text-editor\" data-id=\"b467990\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Even though you may not be able to pay your taxes in full, you should still file a tax return with the IRS. The IRS offers payment plans for taxpayers who cannot afford to pay their entire balance immediately. Taxpayers can also negotiate an offer in compromise with the help of a tax attorney.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd6d799 elementor-widget elementor-widget-heading\" data-id=\"fd6d799\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">When should you expect your tax refund?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b30259 elementor-widget elementor-widget-text-editor\" data-id=\"7b30259\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you file electronically and choose direct deposit for your refund, the IRS can issue your refund within 21 days of receiving your e-filed return. If you mail your paper return to the IRS, it can take six to eight weeks for the IRS to process your return and send a refund.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb0fd07 elementor-widget elementor-widget-heading\" data-id=\"fb0fd07\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How much is the child tax credit?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2649f2a elementor-widget elementor-widget-text-editor\" data-id=\"2649f2a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>For the 2024 tax year, people with kids under the age of 17 may be eligible to claim a tax credit of up to $2,000 per qualifying dependent, and $1,700 of that credit may be refundable.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a8b195 elementor-widget elementor-widget-heading\" data-id=\"9a8b195\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What tax bracket am I in?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-740b03c elementor-widget elementor-widget-text-editor\" data-id=\"740b03c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Discovering your tax bracket unlocks the mystery of how much you&#8217;re taxed. It&#8217;s determined by your taxable income and filing status. By consulting the latest IRS tax tables, you&#8217;ll see where you stand among the progressive tax rates, guiding you to smarter, more informed financial strategies.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-762dc2b elementor-widget elementor-widget-heading\" data-id=\"762dc2b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How do deductions and credits work?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a1d9fe elementor-widget elementor-widget-text-editor\" data-id=\"7a1d9fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Imagine having secret keys to lower your tax bill &#8211; those are deductions and credits. Deductions shrink your taxable income, possibly even nudging you into a lower tax bracket, and include wonders like mortgage interest and charitable donations. Credits, the superheroes of tax savings, directly subtract from your taxes owed, providing a dollar-for-dollar reduction.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f98af2 elementor-widget elementor-widget-heading\" data-id=\"3f98af2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What\u2019s the difference between standard and itemized deductions?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b99018d elementor-widget elementor-widget-text-editor\" data-id=\"b99018d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The standard deduction offers a swift, one-size-fits-all amount, simplifying your tax return and making it the go-to for many. However, if you&#8217;ve racked up enough deductible expenses (think mortgage interest, donations, and more), itemizing paves the way for potentially greater tax savings.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f10921 elementor-widget elementor-widget-heading\" data-id=\"5f10921\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How does an income tax return calculator work?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-72a10e2 elementor-widget elementor-widget-text-editor\" data-id=\"72a10e2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Input your earnings, withholdings, and eligible deductions and credits, and let the calculator do the magic. It weaves through the complexities of tax laws, offering you a snapshot of your potential refund or what you might owe.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2680d72 elementor-widget elementor-widget-shortcode\" data-id=\"2680d72\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\t\t<section data-elementor-type=\"section\" data-elementor-id=\"106510\" class=\"elementor elementor-106510\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-51156e1 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"51156e1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e992b0\" data-id=\"4e992b0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1b51f67 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"1b51f67\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fa237b9\" data-id=\"fa237b9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b341c44 elementor-widget elementor-widget-heading\" data-id=\"b341c44\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-large\">If you like this post, you'd love my Ultimate Guide to Personal Finance<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccbe91b elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-image\" data-id=\"ccbe91b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"193\" height=\"300\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Personal-Finance-ts-193x300.png\" class=\"attachment-medium size-medium wp-image-106717\" alt=\"UG to Personal Finance\" srcset=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Personal-Finance-ts-193x300.png 193w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Personal-Finance-ts.png 610w\" sizes=\"(max-width: 193px) 100vw, 193px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5130b32 elementor-widget elementor-widget-text-editor\" data-id=\"5130b32\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>It&#8217;s one of the best things I&#8217;ve published (and 100% free), just tell me where to send it:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85bbeee elementor-widget elementor-widget-qi_addons_for_elementor_wp_forms\" data-id=\"85bbeee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"qi_addons_for_elementor_wp_forms.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"qodef-shortcode qodef-m qodef-qi-wp-forms\">\n\t<div class=\"wpforms-container wpforms-container-full\" id=\"wpforms-53563\"><form id=\"wpforms-form-53563\" class=\"wpforms-validate wpforms-form\" data-formid=\"53563\" method=\"post\" enctype=\"multipart\/form-data\" action=\"\/wp-json\/wp\/v2\/posts\/59618\" data-token=\"616c9873956056bb406a67057db9d712\" data-token-time=\"1779995224\"><noscript class=\"wpforms-error-noscript\">Please enable JavaScript in your browser to complete this form.<\/noscript><div class=\"wpforms-field-container\"><div id=\"wpforms-53563-field_18-container\" 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id=\"wpforms-53563-field_20-container\" class=\"wpforms-field wpforms-field-html\" data-field-type=\"html\" data-field-id=\"20\"><div id=\"wpforms-53563-field_20\"><strong>If you like this post, you'd love my Ultimate Guide to Personal Finance<\/strong><\/div><\/div><div id=\"wpforms-53563-field_21-container\" class=\"wpforms-field wpforms-field-html\" data-field-type=\"html\" data-field-id=\"21\"><div id=\"wpforms-53563-field_21\">It\u2019s one of the best things I\u2019ve published (and 100% free), just tell me where to send it:<\/div><\/div><div id=\"wpforms-53563-field_10-container\" class=\"wpforms-field wpforms-field-name\" data-field-type=\"name\" data-field-id=\"10\"><label class=\"wpforms-field-label wpforms-label-hide\" for=\"wpforms-53563-field_10\">First Name <span class=\"wpforms-required-label\">*<\/span><\/label><input type=\"text\" id=\"wpforms-53563-field_10\" class=\"wpforms-field-medium wpforms-field-required\" name=\"wpforms[fields][10]\" placeholder=\"First Name\" required><\/div><div id=\"wpforms-53563-field_11-container\" class=\"wpforms-field wpforms-field-email\" data-field-type=\"email\" data-field-id=\"11\"><label class=\"wpforms-field-label wpforms-label-hide\" for=\"wpforms-53563-field_11\">Email <span class=\"wpforms-required-label\">*<\/span><\/label><input type=\"email\" id=\"wpforms-53563-field_11\" class=\"wpforms-field-medium wpforms-field-required\" data-rule-restricted-email=\"1\" name=\"wpforms[fields][11]\" placeholder=\"Email Address\" spellcheck=\"false\" required><\/div><div id=\"wpforms-53563-field_19-container\" class=\"wpforms-field wpforms-field-html\" data-field-type=\"html\" data-field-id=\"19\"><div id=\"wpforms-53563-field_19\">Along with the guide, I'll also send you my Insiders newsletter where I share other exclusive content that's not on the blog.<\/div><\/div><\/div><!-- .wpforms-field-container --><div class=\"wpforms-submit-container\" ><input type=\"hidden\" name=\"wpforms[id]\" value=\"53563\"><input type=\"hidden\" name=\"page_title\" value=\"\"><input type=\"hidden\" name=\"page_url\" value=\"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/59618\"><input type=\"hidden\" name=\"url_referer\" value=\"http:\/\/www.iwillteachyoutoberich.com\/how-much-do-i-get-back-in-taxes\/\"><button type=\"submit\" name=\"wpforms[submit]\" id=\"wpforms-submit-53563\" class=\"wpforms-submit\" data-alt-text=\"Sending...\" data-submit-text=\"Send me the guide!\" aria-live=\"assertive\" value=\"wpforms-submit\">Send me the guide!<\/button><\/div><\/form><\/div>  <!-- .wpforms-container --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fd482ad elementor-hidden-mobile\" data-id=\"fd482ad\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cb86639 elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"cb86639\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"610\" height=\"950\" src=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Personal-Finance-ts.png\" class=\"attachment-medium_large size-medium_large wp-image-106717\" alt=\"UG to Personal Finance\" srcset=\"https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Personal-Finance-ts.png 610w, https:\/\/www.iwillteachyoutoberich.com\/wp-content\/uploads\/2024\/06\/UG-to-Personal-Finance-ts-193x300.png 193w\" sizes=\"(max-width: 610px) 100vw, 610px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/section>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Tax season doesn&#8217;t have to be your yearly nightmare. In this post, I&#8217;ll show you how you might get back in taxes this year, step-by-step How much do I get back in taxes? Every month, a portion of your income gets deducted from your paycheck. These deductions usually (but aren&#8217;t limited to) cover your: 401(k) [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":88867,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"_lmt_disableupdate":"no","_lmt_disable":"","_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[160],"class_list":["post-59618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"acf":[],"aioseo_notices":[],"modified_by":"ljknoll95@gmail.com","_links":{"self":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/59618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/comments?post=59618"}],"version-history":[{"count":0,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/59618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/media\/88867"}],"wp:attachment":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/media?parent=59618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/categories?post=59618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}