Are Tax Returns Better This Year The end of several tax breaks this year might mean less money in your tax refund or worse a tax bill
This tax filing season may hold some surprises for your wallet Your refund or tax bill may be very different than it was last year Here s why If you re expecting a tax refund it could be smaller than last year And with inflation still high that money won t go as far as it did a year ago The more than 101 million
Are Tax Returns Better This Year
Are Tax Returns Better This Year
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Data show federal tax refunds are lower this year than last Will you get less money back from the IRS this tax season The total amount refunded to taxpayers by the Internal Revenue Service to date this year is approximately 172 billion 16 4 billion less than in in 2022 the
The IRS starts accepting 2022 tax returns Monday Jan Lewis of the American Institute of CPAs says some taxpayers might receive smaller refunds as many Pandemic tax credits have expired meaning that you re likely to see a smaller refund or a bigger tax bill this year Here s what to know
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If you ve already filed your tax return this year you may have experienced the shock of receiving a smaller than usual tax refund IRS data so far this tax season With the expiration of more generous tax credits offered as pandemic relief many taxpayers could see significantly smaller refunds this year the Internal
Tax refunds so far this year are markedly smaller than the same time a year ago according to the earliest tax season data from the Internal Revenue Service If you got a big refund this year and don t want one next year you can adjust your withholding by filing a new Form W 4 with your company If your salary doesn t
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The end of several tax breaks this year might mean less money in your tax refund or worse a tax bill
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This tax filing season may hold some surprises for your wallet Your refund or tax bill may be very different than it was last year Here s why
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Are Tax Returns Better This Year - The IRS expects more than 128 7 million individual tax returns by the April 15 deadline On average three out of four tax filers reap a refund If you ve filed your
