MFA Wealth Advisors President and CEO, Chris McMahon, recently was featured in U.S. News & World Report to discuss why tax refunds may be smaller in 2023. On its own, losing this tax deduction may not seem like a large loss, but McMahon says it all adds up. “If you’re a mid-income person, these tax changes can be big a deal,” McMahon says. “The mantra has been there are going to be no tax increases on people making less than $400,000.”