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Yes, it’s possible to get a tax refund even if you don’t owe federal income taxes. FS11 / Shutterstock.com
Believe it or not, many people don’t have enough income after tax deductions to owe federal income taxes. The Tax Cuts and Job Act of 2017 roughly doubled the standard deduction amounts, not to mention that those amounts increase regularly to account for inflation, and taxpayers who make less than their standard deduction typically don’t owe taxes. According to recent analysis by the Tax Policy…
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