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Monday, January 23, 2023

Why you may receive a much lower income tax refund this year

BATON ROUGE, La. (WVLA) — It’s officially tax season. But before you get excited, the Internal Revenue Service says your refund check could be much smaller this season. 

“Refunds are going to be drastically reduced,” Paula Harper, office manager for Jackson Hewitt, said. 

That’s because many of the benefits provided during the pandemic have reached their conclusion. For example, Harper explained that this year, the child tax credit will return to pre-pandemic numbers.