Tax Evasion vs. Tax Avoidance: What You Need to Know 💡

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Hi, this is Richard from claimbackmytaxes.com. You are here because you know you pay too much in income tax each year. You see those deductions on your paycheck every month and you know that it is a big chunk of the money you make. I am here to tell you that you do not have to pay all that tax at the end of the year. That you can get back all of that income tax, I can show you how it happens, how it works, why it works and why you should do it.

I am going to talk about the difference between two key concepts in taxation. The first is tax evasion and the second is tax avoidance.

The simple explanation of the two of them is that tax evasion is illegal and tax avoidance is not. In fact it is your right. Tax evasion happens when somebody does not report income on their income tax return, or uses deductions that are not proper or are not allowed in order to reduce their tax burden. People get arrested for that and get fines and jail time.