Refund is the excess of your withholding and estimated tax payments for the year that you paid over your tax liability. Federal income tax refunds are not taxable. State income tax refunds may be taxable if you itemized your deductions in the year the state taxes were paid or withheld.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). refund. Retrieved September 20, 2026, from http://smartdefine.org/refund/definitions/1162016 |
| Chicago | Barry Goldsmith. 2010. "refund" http://smartdefine.org/refund/definitions/1162016 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, refund, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/refund/definitions/1162016>. |
| MLA | Barry Goldsmith. "refund" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/refund/definitions/1162016> |