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Taxes 2021: How the Child Tax Credit and Student Loans Could Reduce Your Total Refund

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Many Americans look forward to the new year when they will receive a windfall from the government in the form of a tax refund. Some use the money to pay down debt, while others might go on vacation or fund a home remodel. Therefore, it helps to know what you can expect each year, as it can help you plan ahead.

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According to Forbes, tax refunds can differ from year to year based on income changes, the amount of money you have withheld from your paycheck and major life events such as a marriage or the birth of a child. Typically, we know these events have happened and can plan ahead — either by…

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