Average tax refund down 8.4 percent in first filing week

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The average tax refund from the IRS dropped 8.4 percent in the first week of the 2019 filing season compared to the same period last year

 

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People are responsible for their own level of witholding and should adjust appropriately.

That also could mean that people are making more money?

They eliminated a lot of employee work related deductions ie: mileage reimbursement which is a huge hit for employees who drive their personal vehicles for their companies ... not good!

whatsbeengoing Time for a tax revolt against the robber barons. If you are stuck with a big tax bill don't pay it. If we all refuse what will they do Demand the tax code be repealed and replaced with the OLD tax code which worked well..better than now!

I’m already mad

The benefits of the Tax ACT were realized throughout the year by way of reduced withholding.

Tax giveaways to the rich aren't free....

But somehow Trump will make this Obama's fault...

Thanks for that TaxScam.

Only people that do not get this year a tax credit for their city tax.

When you pay in less, you get back less.

Mine was less due to my stupid state taxes..not fed

EdHull8 Oh, boy! We tried to warn the MAGA crowd, but they didn’t want to listen. Now the truth is hitting them in the face-I mean wallet!

Michael11733160 Surprise! Middle class America will pay for the president and his wealthy corporate friends massive tax cut... M

senatemajldr thanks fir crappy tax cut

But everybody should be happy because you can file your taxes on a form that's the size of a postcard....

I hope it happens to ALL tRUMP supporters!!!

Is this what you voted for MAGA? Trump reduced your deductions, and increase your taxes to give himself and millionaire buddies a huge tax break!

Tax reform was a sham for nearly everyone .particularly supporters of the President

Refunds mean you gave the government an interest free loan with your money....dumb!

Remember that little Tax Cut money you got to keep? Time to double it and give it back. Unless you're a Corporation. Then here's some more. Keep it all, enjoy! Trump's America.

This was to be expected.

When the Dems “ New Green Deal “ goes into effect we’ll think these tax days were the best.

Yolie_Rios Blame-the-10k-cap-on-SALT-deduction Most-folks-that-live-in-Blue-States-such-as-NY-NJ-CA-CT-IL-MA-will-be-irate. Property-Taxes-alone-in-many-cases-puts-you-over-the-threshold This-means-you-wont-get-a-deduction-on-your-Federal-Taxes-for-State-and-Local-Taxes-paid Thank-Trump

Wouldn't you rather have that money all year rather than the government 'saving' it for you?

Trump has said and done many things , all of them LIES does his base ask the tough questions, NOT A CHANCE, they are going down with the boat while TRUMP has already saved himself. He feels his base will believe anything

Never mind the refund, my taxes went up. Can the media do its job and report on how blue state middle class got screwed?

Did anyone but Trump supporters expect anything else. The tax plan that TRUMP initiated was for the benefit of Trump and the rich people of this world. DONALD is making a killing while his base suffers

Now that's going to be impossible because most of the people are unhappy right now.

Sorry big refunds day are over thank the TCJA is in play.

As such remains fact-based... some will taunt AlternativeFacts soon...

Are they factoring the most wealthy 1% in their figures or did they get all the money last year?

What was the average increase in paychecks throughout the last year? I had an extra $20 a check, $10 a week x 52 weeks a year was an extra $520 dollars that wasn’t even touched by the gov, that came directly to me in my checks last year. Gov can’t return money they didn’t take.

Average tax return down 8%? Hogwash! My preliminary tax return $10K SALT limit shows we owe $5K to IRS, where last year we got a refund of $2200. States with high property and income tax are paying thousands more. We are the majority and we are coming for the GOP.

Refund their votes and they might.

Refunds depend on how much is withheld, vs actual tax paid. I never understood those people who were so happy about getting a big refund. It just means that they gave the government a big loan.

dlspace108 We knew this would happen. The Magas didn’t listen. GOPTaxScam BlueWave2020

Hope they saved!

So much Winning

Do people not understand that if less $ is withheld from your paycheck, you will get less back via tax refund?

TAXPAYERS WOULDNT LISTEN-THOUGHT TRUMP HAD A WAY FOR THEM TO LIVE ALOT BETTER WITH MORE MONEY BUT INSTEAD GOT A HIGHER TAX BILL NOW & WILL IN TGE FUTURE-THANKS FOR NOTHING TRUMP VOTERS & LAWLESS LAWMAKERS OF THE REPUBLICAN PARTY

Many middle income homeowners without children under 17 who previously itemized will see an increase in their taxes due to loss of the personal exemption

Less taxes smaller refunds.

The unhappiness will get worse as tax season moves along and increasing numbers of people who expect to have to pay find they have to pay even more than expected, possibly significantly more.

Wait,I thought taxpayers wanted to pay more! Green deal and all that.

Tax refund is not the same as Tax. Our REFUND is smaller because we are paying less in withholdings.

Hey, it’s the cost of keeping Trump’s billionaire friends happy. Oh, you didn’t really think he wants to help the working man 😂😂😂

vautour_marie Mine's down a hard 50%. I wish it was 8%.

The Trump-Ryan-McConnell Tax Scam.

This is what happens when Republicans are in charge.

I hope the top 1% enjoys the refund I was going to use to pay more f**king taxes on my home!!

MAGAs were more interested in lowering the taxes of those making over $128 million a year than the were in getting a large refund themselves.

Wealthy will get it but no one else will. Why Trump never brought up he wall demands during the tx cut debate; it would have meant less $s going to him & the wealthy. Now, when US is in hock up to its highest peak, potus wants $s for his vanity wall.

People understand they are only getting their own money back right? They just let the government hold it interest free for several months. Oh wait, they don’t get it

tax payers are getting huge tax breaks if your name is Adelson or Bezos so don't worry its all about the trickle down economics

We warned about this by literally taking to the streets.

Welcome to your fair share, where you don't get to pawn your local taxes off on the rest of America.

We've been unhappy since Jan. 2017, but if this moves us a little closer to a post-trump era, so be it. The tax bill was a scam and we knew it was a scam. This is hardly unexpected.

That doesn’t matter because the TrumpTaxBreak gave every American worker $5,000 😂

Taxpayers don’t want to give the government their money without interest for a year.

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