A study from Credit Karma shows that about 30% of Americans are relying on their tax refund checks to make ends meet, the Scripps News website reports today (Jan. 18, 2023).
However, a change in tax rules pertaining to charitable contributions coupled with the end of stimulus programs will likely result in smaller refunds this year.
The average refund issued to taxpayers in 2022 was $3,039, up from $2,827 in 2021, according to figures from the Internal Revenue Service.
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