Reconcile/calculate your income tax and compare with the taxes were already withheld. Overpaid, gov pays/refunds you back. Underpaid, you pay the gov, make up additional tax to gov, penalty may be assessed

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1. Reconcile/calculate your income tax and compare with the taxes were already withheld. Overpaid, gov pays/refunds you back. Underpaid, you pay the gov, make up additional tax to gov, penalty may be assessed