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About 15.4 million U.S. taxpayers could end up owing federal taxes above and beyond payroll deductions this year, a Treasury Department inspector general said.
The Internal Revenue Service said the figure in a report by the Treasury's Inspector General for Tax Administration was over-inflated, the Los Angeles Times reported Monday.
The IRS said 75 percent of taxpayers receive refunds, with the average refund at $2,700. The Treasury watchdog said that would change due to the amount withheld from taxes after the stimulus bill passed in January.
That bill provided as much as $400 for individuals and $800 for joint filers per year, with tax credits delivered through smaller payroll deductions.
The IRS said in a letter to the inspector general most would see "a reduced refund and not an out-of-pocket liability."
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