Key Tax Changes This Year That May Impact Your Return and Refund
Jan 15, 2024
Upon filing their federal income tax returns, many taxpayers in the United States receive refunds. Nevertheless, because the government has temporarily enhanced some tax incentives, you might get back more – or, in some circumstances, less – than you anticipate returning this year. This is true, especially if you were qualified to get any of the tax relief measures included in the American Recovery and Reinvestment Act, passed into law in March of last year. The tax cuts will, in many cases, also benefit low-income taxpayers, who, under normal circumstances, are not required to submit tax returns.
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