The Short Answer

The Upside of a Lower Tax Refund

Karen Wallace, CFP®

Question: My tax refund is a lot smaller than it was last year. Please tell me how I am paying less in taxes. 

Answer: Not knowing the specifics of your situation, my guess is that it's probably because your employer withheld less tax on your behalf, which is a good thing. I know as I write this many readers won't like that answer, and I understand the frustration.