Why are Tax Refunds Smaller This Year? Ask a local Wealthy Politician! Smile Children ASMR

This video explains that taxpayers in the US expecting refunds are disappointed as the average refund is about 10% less than last year. This is not because of changes in income or filing mistakes but most likely because the expanded child tax credit and earned income tax credit have expired. These credits were initially introduced to assist young and low-paid workers and have helped lift millions of children from poverty. However, these credits expired at the end of 2021 due to a lack of support from Democratic Senator Joe Manchin and the Republican party.

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This is a Clip from the Vlog "r/IRS Questions," which hopes to provide a steady path of information for the /r/IRS Reddit community and anyone interested in tax compliance. This channel also features the latest Internal Revenue Service news, IRS commentary, and tips from tax expert John R. Dundon.
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