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http://store.steampowered.com/steam_refunds/
You cannot move funds from your wallet that you received by selling items on the community market.
You're unable to transfer Steam Wallet money.
https://support.steampowered.com/kb_article.php?ref=1122-RTSC-0478
Not if you bought the wallet funds with your bank account or PayPal. That can be refunded within 14 days, as long as you haven't spent it.
https://help.steampowered.com/en/wizard/HelpWithPurchase
Then go as is adviced here,
https://support.steampowered.com/kb_article.php?ref=6695-QIKM-7966
EDIT: Holy smokes, almost a year old thread.
dont add money to your wallet , just buy with your debit/credit card . then if you return /refund a game the money goes back to your bank/credit account , not the steam wallet
If you bought game with wallet funds, then your can ONLY refund back to wallet.