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New Tax Code Changes May Result in Unclaimed Refunds: What One Expert Says You Need to Know
Investopedia· 2026-02-18 01:03
Core Insights - The new 2025 tax law changes are set to expand deductions and credits for taxpayers, potentially increasing their tax refunds [1] - However, the complexity of these changes may lead to confusion among taxpayers, which could result in delayed refunds or issues with IRS processing [1] Summary by Categories Tax Deductions and Credits - The 2025 tax law introduces expanded deductions and credits aimed at benefiting taxpayers [1] Taxpayer Impact - Confusion surrounding the new tax law changes may negatively affect taxpayers, leading to potential delays in refunds or complications in IRS processing [1]