Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

6 Tax Return Secrets Most Accountants Hide From You

April 11, 2023 · Taxes
income retire
Photo By Wavebreakmedia from Envato

1. You may not always get a refund

A “tax refund” is a reimbursement taxpayers receive when they have overpaid their taxes. While taxpayers usually see this refund as a sort of bonus or even as a stroke of luck, it often defines what is basically an interest-free loan made to the federal or state government.

Overpaying taxes usually happens when employers withhold too much from taxpayers’ paychecks. According to the US Treasury, nearly three-fourths of taxpayers have their taxes overwithheld, which means millions of people get their tax refunds yearly.

While receiving some money back after filing your tax return isn’t uncommon, financial experts point out that expecting you’ll always get a reimbursement can be dangerous.

As Robbin E. Caruso, a certified public accountant, explained, you won’t be owed funds this year just because you received a refund last year. That’s why it’s very important to carefully project your tax liability every year. Also, make sure you make any payments required through tax withholding and with their tax returns, estimated taxes, or tax extensions in order to avoid interest and costly penalties on them.

Pages: 1 2 3 4 5 6 7

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A happy couple shopping with a full cart at a warehouse club in 2026. Top 10 Sam's Club Deals You Can't Ignore in 2026
  • A couple shopping for high-end deals at a modern warehouse store. 12 Costco Deals Shoppers Are Jumping on for 2026
  • A high-end desk setup with a Social Security card and a gold pen, representing presidential financial benefits. Is Trump on Social Security? A Look at Presidential Benefits
  • A person thoughtfully choosing a card from their wallet at a checkout counter. 5 Places to Avoid Using Your Debit Card and 3 Safe Spots
  • A mature couple looking at a tablet together on a sunny patio, appearing confident about their financial future. Married or Divorced? Don't Miss This Social Security Tip That Could Increase Your Checks
  • A confident woman working on her taxes at a bright, organized home office desk. IRS Alert: 6 Mistakes That Could Inflate Your Tax Bill
  • A woman looks thoughtfully at a tablet in a modern kitchen, representing financial planning for rising costs. Unfortunately, We'll Pay More for These 6 Things in 2026
  • A woman smiling at her phone in a bright living room with a delivery package on the table. The Best Amazon Prime Perks You Should Be Using in 2026
  • A woman smiling at her phone in a bright kitchen, representing the relief of receiving a tax refund. When Will Your 2026 Tax Refund Arrive? IRS Timeline Explained
  • A shopper looking at a grocery checkout screen with the New York City skyline in the background. 10 US Cities Where Grocery Prices Are Highest in 2026

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

stealth

7 Stealth Taxes that Can Destroy Your Retirement

The 10-year payout rule Let’s discuss the latest news: the 10-year payout rule. The rule…

Read More →
A graph showing IRS income thresholds for determining the taxability of Social Security benefits for single filers and married couples filing jointly, along with the corresponding tax percentages.

The Tax Implications of Your Social Security Benefits

First, Are Social Security Benefits Taxable at All? This is the most common question, and…

Read More →
taxes, income stealth, check

8 Surprising Things You Must Pay Taxes For

Discovering a chest of gold coins in a sunlit attic is a dream, but don’t…

Read More →
tax documents

7 Important Tax Documents to Never Throw Away

Hands carefully sorting through an accordion file folder to ensure important tax documents are organized…

Read More →
tax tricks

8 Tax Tricks Rich People Use—and They Work!

Professionals brainstorm financial plans over coffee and pastries, unlocking the tax-saving secrets that help the…

Read More →
tax deductions, save

Top 9 Most Hassle-Free Deductions on Taxes

State sales taxes This example probably makes a lot of sense for those who live…

Read More →
expenses to say goodbye to Kamala

American Economy if Kamala Harris Wins: A Breakdown

A shopkeeper and customer share a warm moment, illustrating the small businesses that drive community…

Read More →
retirees

Moving Abroad? These 9 Countries Don’t Tax Retirees at All!

1. Costa Rica Costa Rica tops most lists of the best places to retire, and…

Read More →
free tax assistance avoid

Frugal Tax Solutions: 5 Ways to File Your Taxes for Free

Every year, there is the tax season when everyone needs to file their taxes. It’s…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Explore

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.