tax refund
IRS owes you
A tax refund is money returned by the government when a taxpayer has paid more than they owed.
Refunds typically result from overwithholding by employers or from credits that exceed tax liability.
I'm using my tax refund to pay down credit card debt.
Some treat refunds as windfalls, though the money was always theirs—an interest-free loan to the government.
Amount paid exceeding debt
- reimbursementPayment for incurred expenses
- repaymentGiving back what's owed
- excessSurplus beyond need
- cashbackRefund from spending
credit · adjustment · correction · recalculation · error · amendment · claim · disbursement
Year's fourth month
- deadlineTime limit for completion
- 1040Annual federal filing
- W-2Employer-issued tax form
- withholdingKeeping from another
deductions · credits · exemptions · TurboTax · H&R Block · e-file · extension · itemize
Federal tax collector
- federalDivided governmental authority
- stateCondition or mode
- auditFormal accounts examination
- complianceAdhering to requirements
liability · fiscal · assessment · processing · backlog · fraud · identity theft · PIN
Reward beyond expectation
- unexpectedNot anticipated beforehand
- splurgeSpend freely, impulsively
- savingsAccumulated money kept
- vacationLeisure time away
down payment · emergency fund · investment · spending · budgeting · anticipation · planning · excitement
overpayment
Amount paid exceeding debt
- reimbursementPayment for incurred expenses
- repaymentGiving back what's owed
- excessSurplus beyond need
cashback · credit · adjustment · correction · recalculation · error · amendment · claim · disbursement · check
April
Year's fourth month
withholding · deductions · credits · exemptions · TurboTax · H&R Block · e-file · extension · itemize · standard deduction
IRS
Federal tax collector
compliance · liability · fiscal · assessment · processing · backlog · fraud · identity theft · PIN · notice
bonus
Reward beyond expectation
- unexpectedNot anticipated beforehand
- splurgeSpend freely, impulsively
- savingsAccumulated money kept
vacation · down payment · emergency fund · investment · spending · budgeting · anticipation · planning · excitement · celebration
- taxeswithholding, VAT, GST, customs duty, FICA
- Pleasant Surpriseswindfall, bonus, gift, upgrade, jackpot
- Federal TaxesIRS, Form 1040, 1040, W-2, 1099
- taxationVAT, withholding, deductions, deduction, taxpayers
- personal taxcapital gains, deductions, exemptions, withholding, W-2
- tax terms1040, W-2, 1099, W-4, withholding
tax refundtax bill
Statement of taxes owed
tax liability · tax payment · tax penalty · tax due · back taxes
tax refundtax burden
Amount owed to government
tax obligation · garnishment · levy · penalty · fine
tax refundtax burden
Amount owed to government
underpayment · shortfall · balance due · tax penalty · tax arrears
tax, taxing, revenue, refund, taxes, taxation, refunded, taxable, untaxed