The real problem is that the IRS adjusted withholding because of the new tax law.
Many people are really, really stupid and think that a big refund means taxes went down. There is little hope for these people ever being on our side.
The lessened withholding produced more money in most people’s pockets, which contributed mightily to the economic boost.
But, it leaves us open to the Dem/Media lie that taxes increased.
Hopefully the good economy is more powerful than the media lie about increased taxes.
(BTW, I am retired, but paid more. This is because of the stock market increase which allowed us to withdraw more. So, even though I paid a little more, I am better off.)
I did but I am intelligent enough to compare my apple income of last year to my orange income of this year and understand where the reductions came from. In short, just because I received a smaller refund does not mean I somehow paid more tax overall.
Of course the useful idiots of the world believe the tripe the leftist media writes when it describes lower tax refunds as proof that there was no tax cut.
JoMa
I got a big one. My wife and I were almost shocked.
Nope, my taxes went way up.
I know I didn’t. Federal went up some but my state taxes went up as well due to the loss of federal deductions increasing my taxable income. But I knew that would happen. There are winners and losers in every legislation that is passed.
We got nailed this year with owing.
Not something we could not handle in full but due to us not paying attention to our deductions.
I would rather owe then give uncle sam a free loan.
Our CPA has us fixed up for this tax year.
The Media trying to spin no tax cut because refunds were lower is garbage spin.
I will admit they were probably more aggressive with the withholding tables than they could have been, which gives hit stupid talking point.. but the idea folks didn’t get a tax cut is nonsense.