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Tax season 2019 and tonight some early returns suggest many Americans won't be getting the refunds they expect and could even owe money to the IRS. Already some early filers have lashed outat president Trump on Twitter. "I just did my taxes and made the same as last year. I owe four thousand more. I voted for Trump but will not be next election." "Worst tax return I had in a decade." And "I won't vote for you again especially after I started on my 2018 return." We passed a massive tax cut for working families.
The new tax law doubled the standard deduction for most middle-class Americans, giving workers a modest paycheck bump from pure withholdings that may have gone unnoticed. As a result, the IRS tells NBC News some workers may receive a smaller refund or even potentially owe taxes especially if they did not check and adjust their withholding in 2018. 30 million Americans are expected to owe the IRS. If you're surprised that your bill this year the most important thing that you can do is update your withholding, go back to your employer, change your withholding. The average refund last year 2541. This year expect it to be 1861. Most Americans put their refund into savings or pay off bills but this year there may be less money for either one.
