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Glossary > R > "Refund" Definition

Refund

A payment from the government for an individual"s overpaid taxes. An individual in this situation is said to be "over-withholding." Federal income tax refunds are not taxable.

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Refund - A payment from the government for an individual"s overpaid taxes. An individual in this situation is said to be "over-withholding." Federal income tax refunds are not taxable.

Refund : a payment from the government for an individual"s overpaid taxes. an individual in this situation is said to be "over-withholding." federal income tax refunds are not taxable.