Monday, May 8, 2023

Why is my federal tax return smaller than last year?

Why is my tax return smaller than last year?

Snippet of Article: "The more than 100 million taxpayers who have had their returns processed as of April 7 got refunds that were an average of 9.3% less than last year. ...The average refund is $2,878, down from $3,175, a difference of nearly $300, according to the most recent IRS data available. ...Zhou has worked since she was a teenager, and has already filed her taxes this year. Her refund? $1. Last year and the previous year she received “upwards of several hundred dollars,” she said. ..."

Source: www.kare11.com