Why your tax refund will likely be smaller this year
Published at : January 30, 2023
Tax season officially began Monday as the IRS starts to accept and processing tax returns. More than 168 million individual tax returns are expected, according to the agency.
But with a number of key tax credits returning to pre-pandemic amounts, the IRS says taxpayers could see a lower refund this year, especially compared to last year.
See multiple reasons why your tax refund could be smaller: https://www.wkyc.com/article/news/nation-world/tax-season-2023-why-refund-might-be-lower/507-f6e8484e-f430-4415-a124-404683bbf112 --
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But with a number of key tax credits returning to pre-pandemic amounts, the IRS says taxpayers could see a lower refund this year, especially compared to last year.
See multiple reasons why your tax refund could be smaller: https://www.wkyc.com/article/news/nation-world/tax-season-2023-why-refund-might-be-lower/507-f6e8484e-f430-4415-a124-404683bbf112 --
At 3News, we’re not here to tell you the news, we’re here to share the stories that you say matter most to you. Share your ideas, thoughts, concerns and engage in conversations about the communities in which we all call home.
Follow 3News on Social:
Facebook: https://www.facebook.com/wkyc.channel3/
Twitter: https://twitter.com/wkyc
Instagram: https://www.instagram.com/wkyc3/
Visit our site: https://www.wkyc.com/
And be sure to download our app here: https://wkyc.com/app
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