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Smaller paychecks, late filing await taxpayers in January

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New Year joy could quickly turn into January sticker shock for taxpayers surprised by smaller paychecks and little chance of getting tax refunds in January. The main two reasons for this are the end of the 2-percent payroll tax holiday that will make paychecks shrink and the later-than-normal first day to e-file tax returns having those expecting tax refunds waiting longer than usual for them.

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