Tax Rebates & Refunds

Conditions that can make you eligible for a tax rebate

October 15, 2010
Posted in Tax Rebates — Written by Geoffrey

Whether you have a high paying job or not, you have to pay tax on your income. However, some people overpay and as a result are eligible for a refund which are known as tax rebates. Everyone has a right to claim tax back.

Instances where you may have paid more than required

Emergency tax is one of the main reasons for more money being collected than required. The following are some situations which may result in you paying higher taxes.

Professionals:
Employees are liable to have overpaid tax if they have jumped from job to job through the year or worked for more than one company. Being put on the wrong tax code by your employers can result in overpayment of taxes.

Students:
If you are a student who has worked throughout the holidays without filling in a student employee form, you may have overpaid taxes. This is also possible if you worked at more than one job simultaneously or if you were only employed for part of the year. Even if you became self-employed at some point in the year or switched from a full time job to a part time one, it is possible that you paid too much tax.

It is important for you to assess your payments and file for a tax return as these rebates can expire.

Seek professional help if you are unsure about the process of filing for a tax return. Professionals are highly trained experts who will guide you through the process smoothly.

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