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Your tax refund may be smaller this year; here's why

Por: ABC7 World January 23, 2023

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.But that boon may be smaller this year, in part due to the expiration of some tax-break enhancements that were in effect the previous tax year.Child tax credit: For tax year 2022, parents may claim a maximum child tax credit of $2,000 for each child through age 16 if your modified adjusted gross income is below $200,000 ($400,000 if filing jointly). Above those levels, the credit starts to phase out. And the portion of the credit treated as... + full article



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