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• Money owed to taxpayers when their total tax payments are greater than the total tax. Refunds are received from the government.

  Internal Revenue Service - Cite This Source - This Definition
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  Cite Definition for Refund

  American Psychological Association (APA)

  Refund. (n.d.). Understanding Taxes Student Glossary. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/refund.

  Chicago Manual of Style (CMS)

  Refund. apps.irs.gov. Understanding Taxes Student Glossary. Internal Revenue Service. http://www.expertglossary.com/definition/refund (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Refund." Understanding Taxes Student Glossary. Internal Revenue Service. 6 June. 2023 http://www.expertglossary.com/definition/refund.

• Browse Related Terms: amount due, deficit, Direct Deposit, inflation, interest, interest income, nonrefundable credit, Refund, refundable credit, tax liability (or total tax bill), taxes, withholding ("pay-as-you-earn" taxation)

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