Tax refund backlash as payouts are smaller this year

The IRS shows that refunds are down eight percent despite promises that it would be better.

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36 thoughts on “Tax refund backlash as payouts are smaller this year

  1. What they don’t tell you is they took less taxes from you throughout the year which means you spent it already. Poor people rely on tax returns because they don’t know how to handle their money

  2. This withholding talk is simply crap, no one has seen such a dramatic increase in their paychecks to justify the significant reduction in refunds we are getting.

  3. I'm filing my taxes this week and scared as hell! My wife and I file joint and every year we get about 2-3k return in federal and $500 from the state. I have a bad feeling that we might owe money.

  4. Are all these commenters really that ignorant? It's the tax you pay that is important, not the tax refund. (Line 63 on last year's form) The refund is the amount that you loaned to the government interest free!

  5. It's much better to take home more money every week than to have a large tax return at the end of the year… otherwise, the government is making interest off your money during the year. This is more fake news.

  6. ABC creating news out of no news, this is why you are not trusted by the majority of us. Then look at the memes complaining about this fake news. Enjoy the rabbit hole.

  7. This is such B.S. What they're not telling you is that the IRS is withholding a lot less from your paycheck. You got more money in your paycheck and the government stole less during the year. Don't believe the lying MSM. Do your own research.

  8. Do you know how taxes work? Do you know why tax returns work? This year we’re getting lower tax returns, because we payed less in taxes. The IRS lets you keep more of your money, that’s why they don’t give as much back.

  9. The only way to know if you paid more or less tax this year is to
    compare line 63 on your 2017 1040, and line 15 on your 2018 1040. I paid
    about $1600 less this year with a similar income. For a more accurate
    measure, or if your income this year is NOT similar to last year, then
    you will want to compare your tax percentage paid each year. For 2017,
    take line 63 (Total tax), and divide it by line 37 (Adjusted Gross
    Income). Then, for 2018, take line 15 divided by line 7. Compare the
    percentages. I paid 9.71% in 2017, and only 7.96% in 2018, a 1.75%
    savings.

  10. People are so stupid, less taxes were taken out your check throughout the year which means less refund, my employer totalled all of our taxes for the entire year and every single employee in the company payed less taxes then they did last year ,even after refund, lol stop being triggered and think for a second.

  11. More fake news. The reason it's called a "tax return" is because the federal government is returning to tax payers what they over-charged you in tax during the year. It's not free money from the government (unless you qualify for tax credits). The reason the returns are smaller is because less tax was collected during the year. This should be good news unless you're willing to lie in order to advance a false narrative.

  12. Less money withheld, less deductions each pay check and year = less of a refund. Stop treating tax refund season as if it's Christmas. You do realize that they are paying you back with your money right? They take a small loan, interest free from you every pay check and then if you paid the correct amount you get nothing back. If you paid too little you have to pay more back in. If they stole too much they pay you back some of your money. We need to (me definitely included) learn to save better on each paycheck so we don't depend on the hand out of our money at tax season.

  13. Screw people that blame trump for this. like any one else would not have at least one thing that upsets people…
    i don't even like trump. but unlike the brats that go online just to whine about him he has actually attempted to fix some issues. but the dumb populace stops him…

  14. This shit is funny. MAGA,,we're going to let all you hard-working American taxpayers take home a few more dollars a week,, but come tax time,, you just might owe a little more than all we've already stolen from you… This so called presidency is the biggest joke in the history of the United States… You idiots put a draft dodging coward, billionaire business man that was born with a silver spoon, reality show TV star, con man into the most important position in the USA,, and you're really shocked that he's fucking America over and over and over again. Well goollyy,, y'all better get out there and buy yourselves a new 4×4, a bunch of them there assault rifles,, and a bunker of ammo with all that extra money, so y'all can save Merica when the great invasion from the south comes,, and all them there liberals and Democrats try taking yer guns…. You idiots fucked this country with this joke of a presidency… What a joke this country is becoming now.

  15. I’m middle class and had to pay double in taxes this year thanks to that lowlife! Plus a $1,000 a month for health insurance! I would hardly call that winning!

  16. And this where I finally get to tell dumbass, bigoted, suckered Trump voters I told you this was going to happen. We all tried to warn you this was a cash grab by the Republicans. Money doesn't come out of the air & there's no get rich quick deals in the real world. Who else did you Trump voters think America was going to charge for all these dumbass financial changes? Definitely not the rich. Yup that's ole kick em around Joe Smoe gonna pay for. Trump who been a grifter his whole has just completed the greatest fuck over of all-time. And we have the silent majority of bigoted asshole Trump voters to thank for. Well now that I've vented, I gotta figure a way to restructure my withholdings at work.

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