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The Independent UK
The Independent UK
National
Cora Lewis

Your tax refund could be smaller than last year. Here's why

Copyright 2023 The Associated Press. All rights reserved

Expecting a tax refund? It could be smaller than last year. And with inflation still high, that money won't go as far as it did a year ago.

The 90 million taxpayers who have filed as of March 31 got refunds that were an average of nearly 10% less than last year, in part due to pandemic relief programs expiring. The filing deadline for most taxpayers is Tuesday.

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