A tax rebate is a refund of taxes that have been overpaid to the government. Tax rebates can be issued by the federal government, state governments, or local governments. Federal tax rebates are typically issued once per year, after you have filed your income taxes. State and local tax rebates may be issued more frequently.
Tax rebates can provide a significant financial boost to taxpayers. The amount of your tax rebate will depend on a number of factors, including your income, your tax filing status, and the amount of taxes that you have overpaid. If you are eligible for a tax rebate, you should file your taxes as soon as possible to receive your refund.