Tax refund

(redirected from Tax Refunds)

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 ?
The lawsuit, filed with the State of Michigan Court of Claims, has been brought on behalf of hundreds of workers who have had their federal and state tax refunds illegally seized by the State.
ISLAMABAD -- Islamabad Chamber of Commerce and Industry (ICCI) has called upon the Federal Board of Revenue (FBR) to arrange early clearance of all outstanding tax refunds of business community as keeping such claims pending would hurt the confidence of businessmen in the tax machinery.
TIGTAs review of a statistical sample of 259 amended tax returns claiming tax refunds of $500 or more in FY 2012 identified 44 (17 percent) tax returns for which the IRS issued potentially erroneous tax refunds totaling $103,270.
The meeting will evolve a strategy to take up the issues of sales tax refunds that are mounting with every passing day.
Rift has already helped more than 23,000 construction workers to get tax refunds worth PS45million.
RIFT have already helped more than 8000 Scottish construction workers get their tax refunds back, recovering more than PS15million for Scots.
Nearly r PS6 million in tax refunds is thought to be going unclaimed by building workers in the North West every year - with PS2 million of that in Live i rpool alone.
New Year joy could quickly turn into January sticker shock for taxpayers surprised by smaller paychecks and little chance of getting tax refunds in January.
Taipei, June 27, 2011 (CENS) -- Taiwan's Ministry of Finance (MOF) recently announced to allow foreign traveler in Taiwan to receive tax refunds in cash from 153 authorized stores of up to NT$1,000 on-the-spot in business tax on about NT$21,000 (US$700) in purchases during their stays, starting on July 1.
There are hundreds of companies that offer quick loans on expected tax refunds, some which pop up just during tax season.
2003-3 provides favorable guidance on the accrual of state and local tax refunds.
The advance tax refunds and related rate reduction affected the 2002 tax filing season by increased errors due to questions concerning the tax credit.