A tax refund is an act the government does annually to pay back money that was withheld in overage from your earned income. Through the updated TJCA, the new W4 forms were created to assist hard-working individuals with receiving more money in take home pay to help sustain families everyday versus once a year. The idea is sound, but to be sure, what you really want to do is adjust your tax withholdings so you owe nothing and get nothing from the IRS every year. This way, those hard-earned dollars stay in your paycheck and come home with you every payday.