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In this video, the host discusses what to do if you receive a large tax refund each year when filing your tax return. While a big refund may seem beneficial, it indicates that you have overpaid your taxes throughout the year, primarily through federal withholding from your wages. The video emphasizes the importance of investigating the reasons behind the refund, suggesting that it may be wise to adjust your federal withholding with your employer. By doing so, you can retain more of your earnings throughout the year instead of waiting for a refund, as the money refunded is essentially what you paid to the IRS.
