IRS Says Taxpayers Should Gear Up for Smaller Refunds in 2023. Here's Why

IRS Says Taxpayers Should Gear Up for Smaller Refunds in 2023. Here's Why

Most people who file a tax return end up with some sort of refund on their hands. The average tax refund in 2022 was $3,176. In 2021, Americans were privy to a host of stimulus aid, including a boosted Child Tax Credit.