Economists warn that as tax refund season ends and the war in Iran pushes prices higher across more categories, the long-running disconnect between how consumers feel and how they spend may finally start to close.
Emails, texts, and fake websites posing as the IRS are becoming more sophisticated, according to research from McAfee.
Many filers have seen bigger refunds this year, especially those who are middle- or upper-middle income.
Breaks for businesses will allow them to spend more. Individuals are likely to get bigger-than-usual refund checks early in the year.
Federal tax revenue is coming in short while the debt ceiling remains unresolved. The problem was signaled by meager refunds.
Pandemic tax credits have dried up, like the temporary expansion of the child tax credit and the earned income tax credit.
The IRS says the process of recalculating taxpayer returns will stretch into the summer.
Here's what you told us.
New tax season, new rules but same amount of refund?
A survey found 34 percent of taxpayers will pay down debt with their refund.
