What is a refund amount?
What is a refund amount? Written by a TurboTax Expert • Reviewed by a TurboTax CPA. Updated for Tax Year 2023 • November 8, 2023 2:37 PM. A tax refund is the amount of money you over-pay in taxes throughout the year.
What is an example of a money refund?
an amount of money that is given back to you, especially because you are not happy with a product or service that you have bought: I took the radio back to the store and asked for/demanded/got/was given a refund.
How does refund payment work?
The retailer will issue a refund to your credit card account. This is why you usually can't receive a refund in any form but the original payment method. It has to go through the credit card company once again.