You Might Get a Smaller Tax Refund This Year

Contributing sentiments towards policy:

50% : If you included two children as dependents when you initially filled out a W4 tax withholding form at work and your children have since aged out, make sure you update your W4 so your employer will withhold more in taxes, Ms. Logan says.
49% : In the case of a new client last tax season, Ms. Logan said he made $80,000 in the stock market in 2021 and owed $16,000 in taxes he hadn't counted on in the 2022 filing season.
47% : The $300 deduction individuals could take, or $600 for married couples, wasn't available for tax year 2022 and could mean a small increase in tax bills.
43% : The amount will depend on taxpayers' situation, including whether they adjusted the amount they asked their employer to withhold in taxes and whether they paid estimated taxes.

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