Tax Rebate
/ˈtæks rɪˌbeɪt/
Definitions
- (n.) A refund or credit given to a taxpayer for overpaid taxes or to incentivize certain behaviors.
The government issued a tax rebate to eligible low-income families to ease financial burdens.
Forms
- tax rebate
- tax rebates
Related terms
See also
Commentary
Tax rebates differ from tax credits in that rebates typically involve a refund after payment, whereas credits reduce the tax owed before payment.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.