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GOBankingRates

Travis Woods

Rising Oil Prices Could Erase Your Tax Refund Gains

Oil America GOBankingRates GoBankingRatescom

sefa ozel / Getty Images/iStockphoto

Many Americans hoping to receive a number of tax advantages from the passage of the One Big Beautiful Bill Act (OBBBA) in 2025 may see those refund gains disappear if oil prices continue their upward climb.

Find Out: 5 Everyday Items That Will Become More Expensive If the Iran Conflict Continues

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