subject: Why Get A Tax Rebate [print this page] Many taxpayers are thrilled when inform that they can get a tax rebate. It is only appropriate. Imagine after a years toil of paying the government that they cannot object to will now give them opportunity to get back their money. We all know that taxation is leaning in favor of the government. It charges us unconscionable interests and penalties when we fail to do our duty to file income tax returns on time. But it pays no interest for income tax rebate for using our money for a year in case of tax refunds.
But if we analyze it deeply, the government wants us to be efficient in our work. If we only follow the guidelines properly, it would be difficult for the State to collect from us what is not due.
There are clear guidelines to follow like in submitting Form W-4. This document shows our exemptions level as claimed based on our civil status and number of children or dependents. Whatever we declare on this form, it would be the basis of deducting our monthly withholding taxes. If we miss to declare other data, the amount collected will be more than what we have to remit to the State. Hence, the problem how to get a tax rebate.
In a capsule, it is us who caused the burden how to get a tax rebate and its principal without interest.
Why should the government pay additional interest when it was our fault that our money was inadvertently passed to it due to our errors? It is therefore our lookout to avoid such error which will penalize us in terms of our deduction on our pay slips.
With all the luck, the government is extending to give us back our money in the form of tax rebate check after we have supported our claim. In most cases, the state would resort to offsetting of accounts by issuing tax credit instead of a paper check refund. The amount we are supposed to receive is applied to the reduction of withholding taxes due to the state on our income. Inspite of all the dilemma of going through the process of how to get a tax rebate due to his folly, it is still a welcome development to the taxpayer that he is receiving a tax refund.
