FDA Approves Epigenomics' Blood-Based Colorectal Cancer Screening Test. NEW YORK (GenomeWeb) â Epigenomics announced today that the US Food and Drug Administration has approved the company's blood-based colorectal cancer screening test Epi proColon.
Tax definition, a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc. See more.
DEFINITION of 'Tax Refund'. The return of excess amounts of income tax that a taxpayer has paid to the state or federal government throughout the past year.In certain cases, taxpayers may even receive a refund if they owed no taxes, because certain tax credits are fully refundable.Next Up.REAKING DOWN 'Tax Refund'. Many taxpayers look on tax refunds as a bonus or a stroke of luck at tax time. In reality, a tax refund represents an interest-free loan that a taxpayer makes to the government.