Bloomberg Tax
Jan. 24, 2022, 7:13 PM

‘Disappointing Tax Season’ Points To Smaller, Later Refunds (1)

David Hood
David Hood

In what even the U.S. Treasury says will be a frustrating tax season, families claiming the child tax credit and newly self-employed Americans are among filers likely to see the biggest challenges this year.

The season starts Monday, and while Internal Revenue Service teams have been working “non-stop” for several months, years of funding and personnel cutbacks, along with a backlog of several million tax returns from previous years, will hamper the agency’s abilities to respond as swiftly as in the past.

With slim chances of reaching the IRS by phone, recipients of the child tax credit may ...

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