Expert Tax Consulting Services for Small Businesses
Why is my refund smaller this tax year (2022)?
Other than your individual tax situation and marginal tax rate, ne reason your refund may be smaller this year is that pandemic-related tax credits and tax rule changes temporarily increased your tax refund last year. Additionally, due to TY 2021's temporary increase, you might have underpaid federal taxes throughout the tax year. Among the key differences for 2022 taxes: There are no more Economic Impact (stimulus) Payments.
How can I approximate my tax liability for tax year 2023?
Where is my federal refund?
What is my 2022 standard deduction?
Credits and Deductions Under the Inflation Reduction Act of 2022
Tax Withholding Estimator
Why is my refund different than the amount on the tax return I filed? (updated May 16, 2023)
Tax Season Refund Frequently Asked Questions: https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions#:~:text=Why%20is%20my%20refund%20different,debts%2C%20such%20as%20student%20loans.