Why Is My Tax Refund Less 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 shows the
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 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
Why Is My Tax Refund Less This Year
Why Is My Tax Refund Less This Year
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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 Your 2022 refund may be smaller because there were less generous tax breaks after pandemic relief expired experts say The average tax refund is 10 4 lower than last
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 Where s My Refund tool 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 stimulus
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With the expiration of more generous tax credits offered as pandemic relief many taxpayers could see significantly smaller refunds this year the Internal Revenue Service says According to IRS data the average tax refund was only 1 395 as of Feb 2 At that same point last year tax refunds averaged 1 963 That s an almost 29 568 difference
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 Discover why your tax refund may be smaller this year Know what to expect from your refund and gain valuable tips to maximize your income tax refund
Average Tax Refund Down 8 Percent So Far This Season
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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 shows the
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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 Is My Tax Refund Less This Year - Your 2022 refund may be smaller because there were less generous tax breaks after pandemic relief expired experts say The average tax refund is 10 4 lower than last
