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Questions & Answers About Tax Declaration Greater  Form

Questions & Answers About Tax Declaration Greater Form

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tax deadline fast approaching and we are asking the expert what to do and that is our chief economics correspondent Rebecca Jarvis here with what you need to know before you file it a couple of weeks oh this is the best time of the year isn't it Robin no no no if you find this time of year taxing you're not alone it is getting down to the wire and we're about two weeks away from that April 18th filing deadline and so far refunds are smaller as of March 24th the IRS has issued almost 60 million refunds on average those checks are down 11 2 900 versus about 3 200 last year and one reason for that is that there's this expiration of the pandemic era tax breaks like the enhanced child tax credit the dependent Care Credit earned income credit and stimulus checks but there is a silver lining the IRS did make adjustments due to historically High inflation to avoid bracket creep which is when inflation pushes pushes taxpayers into higher income brackets so Robin

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