Why parents may see a smaller tax return this year

(NEXSTAR) – If inflation wasn't bad enough, it's shaping up to be a year of disappointing tax refunds for many people, perhaps especially for parents.Among the changes this year are sizable reductions to two tax credits that gave parents a financial boost on their refunds during the pandemic but are now being rolled back to previous levels.The child and dependent care credit, designed to help working parents pay for child care, was raised to a maximum of $4,000 for one qualifying individua