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Taxpayers Expecting a Big Refund Could Be In For a Nasty Surprise

To paraphrase Ben Franklin, the only certainties in life are the passage of time and taxes. In that spirit, a new year means the approach of a new Tax Day. As much of a hassle as filing taxes can be, many Americans actually look forward to April 15, as tax filing means a tax refund for over three quarters of filers. Unfortunately, many Americans already planning how to spend their tax refunds may not get what they expect.

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