A tax refund or tax rebate is a refund on taxes when the tax liability is less than the taxes paid. Taxpayers can often get a tax refund on their income tax if the tax they owe is less than the sum of the total amount of the withholding taxes and estimated taxes that they paid, plus the refundable tax credits that they claim.(Tax refunds are money given back at the end of the financial year.)

Contents

• 1 By country
  • 1.1 United States
  • 1.2 India
  • 1.3 Ireland
• 2 References

By country

Verb

to refund (third-person singular simple present refunds, present participle refunding, simple past and past participle refunded)

1. (transitive) To return (money) to (someone).

   If you find this computer for sale anywhere at a lower price, we'll refund you the difference.

Noun

refund (plural refunds)

1. An amount of money returned.

   If the camera is faulty, you can return it to the store where you bought it for a refund.

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• Corporate Tax (13)
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• Tax Research (1)

See also:

• Regional: North America: United States: Government: Executive Branch: Department of the Treasury: Internal Revenue Service (14)

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