Many Americans are bracing for smaller tax refunds this year, but that pessimism may be misplaced. Although 52% of Americans expect to receive a refund, only 35% believe it will be bigger than last year’s, according to a recent Intuit TurboTax survey. The reality is that thanks to new tax changes taking effect, many filers may actually see larger refunds or owe less.
Find Out: How Boomers Can Claim a $6,000 Extra Deduction This Year
