Detroit Urban Financial Center

01/03/2026

Your finances deserve expertise you can trust.

At Detroit Urban Financial Center, we provide professional tax preparation and financial services designed to give you clarity, confidence, and compliance—without the stress.

✔️ Individual & Business Tax Preparation
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✔️ Accuracy. Integrity. Results.

When it comes to your money, experience matters. Let us help you move forward with confidence.

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11/11/2023

01/12/2023

Do you have a lower tax refund this year?
Estimated reading time: 3 minutes

Tax Law Changes Causing Lower Tax Refunds
Many people are wondering why they have a lower tax refund in 2023. If you have already filed your tax return or used a tax calculator to get a glance you might be shocked that it’s a lot lower than the refund you got last year. There are a lot of reasons it could be lower but there have been some major changes to tax credits, deductions and rules following 2021.

Lower Tax Refund Credits
Child and Dependent Care Credit
Child Tax Credit
Earned Income Tax Credit (EITC)
Refundable Credits
Some credits were fully refundable last year but if your tax refund is lower it could be because some credits are only partially refundable.

Removed Tax Credit
Last year some self-employed people could use Self-Employed Tax Credits for Paid Leave if they had a loss of income because of COVID. This provision is no longer available.

Stimulus Checks
Federal stimulus checks could cause a tax refund to be lower because some people who missed their stimulus checks during the year were able to have them refunded on their tax return.

Lower Tax Deductions
In the past you may have used a deduction for student loan interest you paid. Since the pause of student low payments, many people were not paying interest.

More Specific Details
If you want more detailed information about specific dollar amounts and rule changes, our friends at The College Investor provide a great in depth review of each change.

01/07/2023

https://www.irs.gov/newsroom/irs-completes-automatic-corrections-of-tax-year-2020-accounts-related-to-unemployment-compensation-exclusion-12-million-refunds-issued

IR-2023-02, January 6, 2023 — The Internal Revenue Service recently completed the final corrections of tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment compensation they received in 2020.

01/01/2023

https://thecollegeinvestor.com/840/when-to-expect-my-tax-refund/?utm_source=igotmyrefund&utm_campaign=tax-refund-calendar&utm_medium=referral

A chart and schedule that shows you when you can expect your tax refund in 2023. Also, how to check the status of your refund online.

01/25/2022

LETS GET THESE RETURNS FILED!!!

THIS YEAR IS NOT THE YEAR TO GAMBLE PLAYING WITH TURBOTAX AND LEAVE MONEY ON THE TABLE!!!

GET WITH ME AND DECREASE YOUR TAX LIABILITIES AND INCREASE YOUR REFUNDS!!!!

01/14/2022

Just as reference!