Tax preparers warn refund may be smaller this year

By Around the Web

(Los Angeles Times) Doing your taxes isn’t just about placing the correct numbers in the boxes of a form and then, as many hope, collecting a refund. There’s also how you feel about your taxes.

“It’s a very emotional transaction,” said Kathy Pickering, executive director of the Tax Institute, the research and analysis arm of tax-preparation giant H&R Block Inc.

“People are really happy when they get a big refund,” she said. “Or they’re either sad or distressed or confused if they’re not getting the refund they were hoping for — or end up owing.”

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