Why Is My Tax Refund So Low 2024. The percentage of qualifying expenses is 20% to 35%. If you withheld less for your 2024 taxes, there is no doubt that you will receive a low tax refund or owe the irs.
You may be in line for a smaller tax refund this year if your income rose in 2023. A taxpayer’s refund might be reduced this year for additional reasons, such as a change.
A Taxpayer’s Refund Might Be Reduced This Year For Additional Reasons, Such As A Change.
What causes my irs tax return to be so low in 2024?
Getty Images) By Katelyn Washington.
This may not be because of how you filed the.
Another Reason For Lower Refunds Over The Last Few Years Is That New Tax Laws And Reforms That Took Effect A Few Years Ago Cut Several Popular Deductions (E.g.
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Tax Season Is Here, And With It Comes The Familiar Question:
The average refund issued through feb.
If A Taxpayer Refund Isn't What Is Expected, It May Be Due To Changes Made By The Irs.
2 totaled $1,395, the irs said in a.
The Following Rules Apply For 2023 (Which Will Reflect On Your 2024 Tax Return):