An Expert's Warning: If Your Tax Refund Is Over $1,000, the IRS May Be Ripping You Off
If you receive a tax refund of over $1,000, you might have paid too much in taxes throughout the year to the government. With inflation still too high and many of us living paycheck-to-paycheck or leaning on credit to get by, that tax refund might have been more helpful throughout the year.
The agency has “very sophisticated software” that compares information returns to what’s reported on your filing.
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