An adjustment for Federal taxes owed for a previous year.Your refund is offset as part of the Treasury Offset Program.The IRS made adjustments due to differences in what is reported to them or adjustments to certain credits and deductions.Tax benefits under the American Rescue Plan either reverted or went away for tax year 2022.There are a few reasons why your refund is less than expected this tax season: But what if the amount of your IRS refund is less than you’re expecting or less than the refund you initially saw when you submitted your tax return if you already filed? Or maybe your refund for tax year 2021 was much higher than this year? You may be wondering why your tax refund is less than you expected. You’re in the midst of filing your taxes before the tax deadline, or you already filed and you are fortunate enough to get a tax refund.
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