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What is a tax refund?

Updated on February 21, 2016

Most people are excited to receive a tax refund but never stop to consider what it actually is. Is it a bonus, a gift, a special prize from Uncle Sam? Should you really be excited to receive one? What should you do if you're expecting a return. Watch below to find out!

Interesting tax return facts

  • 8 out of 10 tax payers will receive a tax refund
  • 84% of workers making less than $50,000 received a tax refund in 2012
  • The average amount of return received was approximately $2,800
  • 34% of workes making more than $200,000 received a tax refund in 2012




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