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IRS plans to cut back on its audits of lower-income taxpayers

The agency this week said it plans to reduce audits for taxpayers who claim the earned income tax credit, or EITC.

Steven deanDorothy brownErin collinsNational taxpayerRevenue serviceSyracuse university transactional records access clearinghouseSyracuse universityTransactional records accessJoanna ainProsperity nowNational taxpayer advocateInternal revenue serviceGeorgetown lawEarned income tax creditTax auditsInternal revenue service

IRS plans to cut back on its audits of lower-income taxpayers

The agency this week said it plans to reduce audits for taxpayers who claim the earned income tax credit, or EITC.

Steven deanErin collinsDorothy brownRevenue serviceNational taxpayerSyracuse university transactional records access clearinghouseSyracuse universityTransactional records accessJoanna ainProsperity nowNational taxpayer advocateInternal revenue serviceGeorgetown lawEarned income tax creditTax auditsInternal revenue service

Why is my tax refund so low? Early data shows lower 2023 amounts

Early data from the Internal Revenue Service shows refunds are nearly 11% smaller than last year.

United statesDistrict of columbiaRevenue serviceUs census bureauInternal revenueJoanna ainProsperity nowEmancipation day

Tax refunds are almost 11% smaller this year, early data shows

The average refund amount was $1,963 as of Feb. 3, down 10.8% from $2,201 the same period last year.

United statesChild tax creditEarned income tax creditDependent care creditAmerican rescueJoanna ainTax refundsInternal revenue serviceChild and dependent care creditAmerican householdsTax seasonTax refund

Why is my tax refund so low? Early data shows lower 2023 amounts

Early data from the Internal Revenue Service shows refunds are nearly 11% smaller than last year.

United statesDistrict of columbiaRevenue serviceUs census bureauInternal revenueJoanna ainProsperity nowEmancipation day

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