Why Is My 2024 Tax Refund So Low. Irs says tax refund is 29% lower the irs issued over 2.6 million refunds, totaling $3.65 billion as of february 2. There are several reasons your tax refund could look different in 2023 based on your 2022 tax filing, and the internal revenue service (irs.gov) laid out a few of.
Let’s dive deeper into why tax refunds in 2024 may change. See what the difference is.
(2022, December 1) Tax ‘Refunds May Be Smaller In 2023,’ Warns Irs.
The irs has received some 44 million returns so far for tax year 2023, and is issuing an average refund of $3,213, the agency says.
The Average Refund Issued Through Feb.
My adjusted gross income for 2021 was ~23,700, and my withheld amount on my w2 said about 1,180, so i expected a decent return.
Why Your Tax Refund Will Be Smaller.
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Tax Refunds In 2023 Could Be Smaller, Take Longer.
Let’s dive deeper into why tax refunds in 2024 may change.
You May Receive A Lower Refund Because There Was No Stimulus Payment In 2022, And There’s A Less Generous Tax Deduction For Charitable Gifts, The Irs Said.
Instead, my federal return is appearing as.
Tax Season Is Here, And With It Comes The Familiar Question: