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Showing Original Post only (View all)IRS Reporting 25% ***Fewer*** People Getting Tax Refund This Year [View all]
https://jimheath.tv/2019/02/americans-expecting-tax-refund-could-be-in-for-big-shock-irs-refunds-down-25/The average tax refund check is down 8 percent ($170) this year compared to last, the IRS reported Friday, and the number of people receiving a refund so far has dropped by almost a quarter.
Early data can shift around a lot, tax experts say, but theres reason to believe frustrations could rise as more Americans complete their tax returns.
So
Not only 25% LESS people getting ANY money
Of the 75% left
They're getting nearly 10% less than last year !!
To get the info first hand go to bottom of chart here
https://www.irs.gov/newsroom/filing-season-statistics-for-week-ending-february-1-2019
Yep, we'll see if the 5th avenue theory is going to last
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+1, there's not a mixed aisle forum I've lurked where there aren't MAGA Cultist screaming
uponit7771
Feb 2019
#2
+1, We moved last year, no deduction for expenses and had to claim any help from company
uponit7771
Feb 2019
#11
Yes, we found that out the hard way too !! We move to another state ... getting bent
uponit7771
Feb 2019
#69
Bottom line the ... MIDDLE CLASS TAX REFUNDS ... were shifted from end of year to payroll
uponit7771
Feb 2019
#8
Right, only 40% have filed by now but that 40% usually are the biggest refund recepients.
uponit7771
Feb 2019
#10
Yes I am retired and estimate my quarterly tax, I based my withholding on my January
doc03
Feb 2019
#48
+1, it is political malpractice not to mention what the IRS is reporting right now. that's a LOT of
uponit7771
Feb 2019
#34
100% of the top 1% got a tax CUT .. .where the middle income bracket breaks shifted lower
uponit7771
Feb 2019
#44
Totally anecdotal - but I read about 50 or so posts to Yahoo's story on this.
Laura PourMeADrink
Feb 2019
#42
+1, I have more than 2 children and we're getting bent. My SIL is cartwheeling in cash now ...
uponit7771
Feb 2019
#59
It's not just the SALT cap, before we could take the standard and itemized now its just
uponit7771
Feb 2019
#58
Joy Reid: Those tax cuts for corps & billionaires aren't just going to pay for themselves.
iluvtennis
Feb 2019
#47
Single with no kids made out like bandits, no incentives to buy houses though. Wonder what
uponit7771
Feb 2019
#57
They shouldn't have had to, the IRS had no business adjusting down instead of keeping the
uponit7771
Feb 2019
#56
25% of the refund population didn't just screw up their taxes, Red Don's middle class tax increase
uponit7771
Feb 2019
#67
My SIL is swimming in cash, she's single no home, kids and decent job. We have more than 2 kids
uponit7771
Feb 2019
#68
It's not end of season yet so the number of people not get a deduction this year could go up, we'll
uponit7771
Feb 2019
#84