Definition, Meaning & Synonyms
tax-rebate
noun
/tæks rɪˈbeɪt/
Definition
A tax-rebate is a refund on the amount of tax that a taxpayer has overpaid to the government.
Examples
- After filing her taxes, she received a tax rebate that helped cover her expenses.
- Many families look forward to their tax rebates each year as a way to save up for vacations.
Meaning
It refers to the process where taxpayers receive money back from the tax authorities if they have paid more taxes than they actually owe.
Synonyms
- tax refund
- tax return
- refund
