Why Did I Get Less Tax Refund This Year 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
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 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
Why Did I Get Less Tax Refund This Year
Why Did I Get Less Tax Refund This Year
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2022 Taxes Due Deadlines Refunds Extensions And Credits This Year
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You Could Get An Extra 500 On Your Tax Refund This Year Under State
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Many of the pandemic tax benefits from the past few years like the expanded child tax credit temporary expansions to the child and dependent care credit and federal stimulus Why is my tax return refund so low in 2023 There could be a few reasons your return refund doesn t look as robust as past years according to the ATO Your
Among the most significant Your tax refund if you are eligible for one may be smaller than the one you received in 2022 That s because there were no federal With the expiration of more generous tax credits offered as pandemic relief many taxpayers could see significantly smaller refunds this year the Internal
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It may be better to withhold less and pay more later some tax experts argue You can track the progress of your refund through the IRS system with the 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
Here s Why You re Probably Getting a Smaller Tax Refund This Year Americans got large tax refunds last year which surely paid for some spring 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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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
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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
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Why Did I Get Less Tax Refund This Year - Have you filed your tax return The 2023 deadline is Tuesday April 18 Most taxpayers are getting hundreds of dollars less in refunds than they did last year
