Why This Year’s Refund Might Not Be What You’re Expecting

Why This Year’s Refund Might Not Be What You’re Expecting In 2022, many Americans got a substantial tax refund, but it seems that in 2023, the average refund is about 11% lower than last year. According to IRS data, typical refunds in 2022 were around $3,473, while this year most refunds are $3,079. This could…