![]() And Lisa and I will continue to talk about that through this whole series. Sometimes it feels like when we look back on 2022, it was a lifetime ago, and you almost forget about what happened, which is all the more why it's important to make sure you get every deduction and every credit. There's a lot of life changes that could have happened as well that increase or decrease your refund along the way. And there's also the normal discourse of life, right? You may have gained a job, lost a job. ![]() But they're going back to what they were before. The laws that were expanded, they didn't really change. ![]() But one thing to keep in mind those were just some provisions to provide relief. So all of those, if you are eligible, can impact what you're seeing on your tax return. In addition, the ability to claim the recovery rebate credit for the last stimulus payment. So if you were eligible for those provisions, you could see differences. That increased up to $3,600, and it's going back down to $2,000. And it's going back to pre-American Rescue Plan down to $2,100. That increased up to $8,000 if you had two or more kids. What people are seeing this year is under the American Rescue Plan, a lot of provisions were expanded considerably, like for instance, the Child and Dependent Care Credit. And that's if you owed a state tax debt, the Treasury may do an offset of your federal taxes. LISA GREENE-LEWIS: Well, one thing to pay attention to is year over year, there are reasons why people might see a lower refund. And now we're saying, maybe not so much this year. I mean, refunds are almost like becoming an expected thing that you get in the mail. ![]() What? Lisa Greene-Lewis is here, TurboTax expert and CPA, to explain to us. TRACY BYRNES: So lots of talk this year about taxpayers getting lower refunds.
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