Tax Refund
TaxesMoney returned by the IRS when your total tax payments (withholding + estimated payments) exceed your actual tax liability.
Example
Example: On a $75,000 salary, understanding tax refund could save you hundreds or thousands at tax time. For instance, if you are in the 22% marginal bracket, knowing how tax refund works helps you make smarter decisions about deductions, credits, and withholding. Check your tax picture with our income tax calculator.