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Economy

“A tax mystery: Why are fewer people getting refunds?”

“If it seems like you’re not getting a tax refund like you used to, you’re not alone. The share of taxpayers who get money back at tax time is slowly and, a little mysteriously, shrinking. At the same time, the… Continue Reading…

Economy

“Tax ‘refunds may be smaller in 2023,’ warns IRS. Here’s why”

“If you’re expecting a tax refund in 2023, it may be smaller than this year’s payment, according to the IRS.  Typically, you get a federal refund when you’ve overpaid yearly taxes or withheld more than the amount you owe. Your annual… Continue Reading…

Personal Finance

“46% of taxpayers plan to save their refunds this year”

“Many Americans are planning to use any refunds they get from the IRS to grow their personal wealth. Some 46% of people plan to save their refunds, according to a LendingTree survey of more than 1,000 taxpayers conducted online Feb. 7 through… Continue Reading…

Economy, Personal Finance

“Tax refunds so far this year are down by $6 billion from 2018”

“Individual tax refunds this year have been only slightly smaller than last year, but those shortfalls are adding up. At the end of last month, the amount of money the government refunded was $6 billion below this time last year,… Continue Reading…