tax rebate


Money that is remitted by the federal government to a tax payer who has overpaid the IRS. Tax rebates are calculated during the process of filling out and filing tax returns and is fairly common in the United States.

Use tax rebate in a sentence

Every year after tax season concludes, the local mall holds a big sale to get local residents to spend their tax rebate checks there.

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Many lower income earners receive tax rebates every year, and always seem to spend it, making this event a dependable boost for retail sales.

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Though technically an interest free loan to the government many individuals understate their exemptions resulting in an over payment of taxes during the year so as to receive a tax rebate upon filing.

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stimulus package tax credit