Tax refund

(redirected from Refund, Tax)

Tax refund

Money back from the government when too much tax has been paid or withheld from a salary.

Tax Refund

Money given back to a taxpayer if he/she/it has paid too much in taxes for a given year. Tax refunds are most common for employees from whose paychecks too much has been withheld because of deductions and credits for which the withholding does not account. One may only collect a tax refund for a certain number of years after it was originally due.
References in periodicals archive ?
Be Aware of Suspicious Emails and Phone Calls Regarding Your Tax Refund, Tax Filing or Any Stimulus Checks - Check the IRS website for tips on how to spot scammers and thieves posing as the IRS and a list of known phishes.
With many consumers slated to receive a refund, tax time is an ideal time for consumers to evaluate their financial plans and financial goals with an eye towards saving for the future.
With approximately 75 percent of taxpayers eligible to receive a refund, tax time is an event many clients look forward to.