Americans may get a tax refund shock this year

March 16, 2023admin

Millions of U.S. taxpayers could receive a shock when they see their 2023 tax refunds due to the expiration of many pandemic benefits that lawmakers had designed to help Americans weather the crisis. That means families may see smaller refunds when they file their taxes for the 2022 tax year, said Mark Steber, chief tax information officer at Jackson Hewitt. The average tax refund in 2022 (for the 2021 tax year) was almost $3,200, a 14% jump from the prior year, according to IRS data. For more info:     MORE