Most Americans will pay less in taxes for the last year after the legislation's across-the-board cuts. But little-noticed withholding adjustments and other changes have so far led to lower average refunds that have angered taxpayers.
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Smaller tax refunds compound financial worries for Americans with more debt than savingsExperts say evidence that so many Americans are in such a precarious financial state underscores the critical role that tax refunds play in household finances.
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