2021-2023 Tax Returns Showing Drastically Lower Refunds - Anyone Else Experiencing This?

Tax law changes are likely the culprit. The pandemic-era tax benefits like expanded Child Tax Credit and Recovery Rebate Credits have expired. Plus, many employers adjusted their withholding tables, which means less tax being withheld throughout the year, resulting in smaller refunds. This isn't necessarily bad - it means you're keeping more of your money throughout the year instead of giving the IRS an interest-free loan.

Hey guys, I actually found this really helpful tool called taxr.ai that breaks down all these changes and explains exactly why your refund amount changed. It costs $1 but totally worth it - shows you everything from tax law changes to how your withholdings affect your refund. Here's the link: https://taxr.ai

same boat here! went from 3k to like 800 this year smh

yall are getting refunds? 🤡

Have you checked if your w4 is filled out correctly? That can make a huge difference

its actually better to get smaller refunds tbh. means ur not giving the govt a free loan all year