Definition of refundable
1. refund [ n ] money returned to a payer
Used in print:(Your Federal Income Tax. 1962 Edition (Revised to...)
If you elect to use the Standard Deduction or the Tax Table , and later find you should have itemized your deductions , you may do so by filing an amended_return within the time prescribed for filing a claim for refund .
An overpayment of income and social_security taxes entitles you to a refund unless you indicate on the return that the overpayment should be applied to your succeeding year 's estimated tax .
If you file Form_1040_A and the District_Director computes your tax , any refund to which you are entitled will be mailed to you .
Refunds of less_than $ 1 will not be made unless you attach a separate application to your return requesting such a refund .
Refunds of less_than $ 1 will not be made unless you attach a separate application to your return requesting such a refund .
Synonyms refund Related Terms payment rebate2. refund [ v ] pay back
Examples:
"Please refund me my money"
(Your Federal Income Tax. 1962 Edition (Revised to...)
If you file a Form_1040 , you should indicate in the place provided that there is an overpayment of tax and the amount you want refunded and the amount you want credited against your estimated tax .
Synonyms repay refund return give_back Related Terms pay restore reimburse repayment3. refund [ n ] the act of returning money received previously
Used in print:(Your Federal Income Tax. 1962 Edition (Revised to...)
The return for a decedent may also serve as a claim for refund of an overpayment of tax .
Synonyms repayment refund Related Terms payment requite
