And?
It isn’t THEIR fault…..
The US House writes the tax code…..
Congress ok’s it……
Millions received those stimulus payments as a recovery rebate credit that was effectively given as a tax refund.
Millions more received help through the pandemic through an expanded child tax credit (CTC) that many progressives saw as an effective and important social safety net. That credit was allowed to expire by Congress at the end of 2021.
“Due to tax law changes such as the elimination of the Advance Child Tax Credit and no Recovery Rebate Credit this year to claim pandemic-related stimulus payments, many taxpayers may find their refunds somewhat lower this year,” the IRS said in a news release on Monday.
A tax break for charitable deductions was also allowed to expire, which could affect more taxpayers.
“The reason people’s returns are changing this year is that they’re no longer accounting for stimulus payments and other credits,” tax expert Howard Gleckman of the Urban-Brookings Tax Policy Center said in an interview with The Hill.
An IRS official told The Hill that not all refunds for tax year 2022 will be lower than previous years, and individual tax situations can vary….