Refund, Tax financial definition of Refund, Tax
Tax refund (redirected from Refund, Tax)
Money back from the government when too much tax has been paid or withheld from a salary.
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
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.