Tax Return Refund Shock 2019

Your refund may be smaller than usual this year.

 

The 2018 federal tax overhaul represented the biggest change in the U.S. tax code since 1986, altering the tax situation for many of the 154 million people expected to file individual federal returns this year with the Internal Revenue Service.

The latest overhaul, among other things, lowered tax rates for many individual income levels and raised the standard deduction. But it also eliminated many deductions that people had itemized to lower their tax burden — such as union dues and the fees that tax preparers charge, and placed caps on others, such as state and local income tax deductions.

The bottom line: While some filers will owe less or get a larger-than-expected refund, many others will be in the opposite camp, especially if they did not adjust their W-4 form that determines how much of their weekly income is withheld for taxes.

In other words, people who did not change their withholding might have enjoyed more take-home pay during 2018 but now they won’t get the refund they might have expected. big government  in effect gave them more money throughout the year instead of waiting to return the cash with a refund.

That refund averaged about $2,800 for the majority of individual taxpayers last year, the IRS says, but that’s likely to change for 2018 returns.

Further complicating matters is the federal government’s partial shutdown, which initially left the IRS with a skeletal staff. But the Trump administration said it’s calling about 36,100 additional IRS employees back to work — without pay — so that on Jan. 28 the agency can start processing returns and issuing refunds.

So this year the instant tax refund is going to be less "instant".

While your waiting for your tax return another glitch could be the Feb 15, 2019 deadline President Trump has made for the lying liberal democrats to pass a spending bill that includes 5 billion or more to help protect Americans from illegal aliens crossing the mexican border and taking a big chunk of your hard earned money.

If pelosi and summer don't comply President Trump will declare a national emergency an build the wall at the mexican border anyway.

Will this impede your tax refund? Who knows?

President Trump:  Making America Great Again.

I wear my mega hat and don't care what crazy liberals think about it.