.svg)
.svg)
Your next tax refund may be smaller, IRS warns: Here’s why
The Internal Revenue Service is issuing a warning for 2023: You likely won’t receive as large a tax refund as you have in the past. - The lack of stimulus payments in 2022 will play a key role.
In the last two years, many taxpayers received additional refunds due to Economic Impact Payments –the official name for stimulus payments – issued during the COVID-19 pandemic. The last stimulus payment was issued in March 2021, and with none coming in 2022, taxpayers won’t get the additional money in their refunds.
To read the full article, click here.
%20(1).avif)
Peter Demian is a highly-rated CPA specializing in accounting and tax services for individuals and businesses across 49 states. He offers expertise in tax strategies and assistance with IRS settlements.
