Tax returns are lacking compared to last year - here's why!
– Most Americans have two more weeks left to file their taxes, and don’t be surprised if your refund is smaller this year.So far, the government has issued $172 billion in refunds, which is about 9% less than at the same time last year.
One reason for the decrease is that pandemic-era provisions, like the expanded child credit, have expired.According to the IRS, 59 million people have gotten a refund this year, which is about 3% more than last year.Copyright 2023 CNN Newsource. All rights reserved.
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