Tax Refund

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.)

Other articles related to "tax refund, tax, refund, tax refunds":

Tax Refund - By Country - Ireland
... In the Republic of Ireland, income tax is deducted by the employer under the PAYE (Pay As You Earn) tax system ... If incorrect tax credits are applied by the employer, then a refund of tax is due ... Tax refunds may also be due for income deductions that are applied after the tax year has ended, if one finishes working prior to the year end, or for joint ...
Earned Income Tax Credit - Storefront Tax Prep, “RACs,” Prep and Account Fees, Third-party Debt Collection
... RALs (Refund Anticipation Loans) are short term loans on the security of an expected tax refund, and RACs (Refund Anticipation Checks) are temporary accounts ... Credit, RALs, and RACs has created the main market for the storefront tax preparation industry, including the familiar companies of H R Block, Jackson Hewitt, and Liberty Tax, as ... The tax preparation industry responded that at least one-half of RAL customers included in the IRS data actually received RACs instead ...
Wesley Snipes - Legal Troubles - Federal Tax Convictions
... Snipes was also charged with six counts of willfully failing to file federal income tax returns by their filing dates under 26 U.S.C ... that he filed a false amended return, including a false tax refund claim of over US$4 million for the year 1996, and a false amended return, including a false tax ... that Snipes attempted to obtain fraudulent tax refunds using a tax protester theory called the "861 argument" (essentially, an argument that the domestic income of U.S ...
Self-invested Personal Pension - Tax Treatment
... Contributions are limited to £3,600 (£2,880 before 20% tax refund) or 100% of earned income (if higher) ... The maximum was £255,000 for the 2010/11 tax year but the 'Annual Allowance' for all pension contributions is currently £50,000 (tax years 2012/13 and 2013/14) and will be decreased to £40,0 ... The SIPP provider claims a tax refund at the basic rate (20% in tax year 2012/13) on behalf of the customer (i.e ...
Tax-free Shopping - Tax Refund Service Providers
... Tax refund is provided by GB Tax Free, Vertex Pavva Tax Free, Global Blue, Premier Tax Free, Eurorefund, vatfree.com, and Yvesam Tax Refund Services ...

Famous quotes containing the word tax:

    If you tax too high, the revenue will yield nothing.
    Ralph Waldo Emerson (1803–1882)