Tax experts warn of refund shock post-pandemic
A tax expert said pandemic changes that made previous tax years complicated are ending, but so are many tax breaks that led to larger refunds.
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A tax expert said pandemic changes that made previous tax years complicated are ending, but so are many tax breaks that led to larger refunds.
The Internal Revenue Service has delivered roughly 53 million tax refunds so far this year, but many taxpayers could be disappointed by the smaller amount.
(New York, NY) -- Tax season often prompts apprehension, but something else stressing out millions of Americans is the presence of tax scams. Among the most common scams are robocalls claiming to be the IRS requesting personal information, calls or texts offering to collect or accelerate your tax refund, or those who say they will do your tax prep for free.
Grumbling about taxes remains but many glitches seem to be clearing up as the IRS tries to move beyond pandemic-related woes.
'So far, so good,' say many practitioners about this year's tax season — but they're not letting their guard down.