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Time variation of a multipath channel leads to interchannel interference (ICI) in orthogonal frequency-division multiplexing (OFDM) systems. It results in the performance degradation, therefore, limits the achievable throughput. Some methods have been proposed to suppress ICI, unfortunately, they are either computationally complex or at the price of spectral efficiency. In this paper, a low-complexity equalization method for time-domain synchronous OFDM (TDS-OFDM) systems is proposed under the assumption that the channel impulse response (CIR) varies in a linear fashion within a block period. The rationale behind our method is to use a finite power series expansion for the inverse of the equalization matrix. This method provides a desired tradeoff between the performance and the processing complexity. Theoretical analysis and simulation results demonstrate that the proposed method can effectively mitigate ICI caused by the channel variations with low computational complexity.