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Feb 8 - IRS tax refunds are down 8.4 percent under Trump tax plan


 


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 4 months ago '06        #1
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RAZAH CUTS 6605 heat pts6605
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Feb 8 - IRS tax refunds are down 8.4 percent under Trump tax plan
 

 
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The IRS released statistics that show that tax refunds are down by 8.4 percent after the first full-year under President Donald Trump’s 2017 tax overhaul plan.

“There are going to be a lot of unhappy people over the next month,” Edward Karl, vice president of taxation for the American Institute of CPAs told Politico. “Taxpayers want a large refund.”

Another factor that contributes to the decrease in refunds is the government shutdown. The shutdown lasted five weeks and was the longest shutdown in history.

“Various factors could have played a part in the filing decrease so far, including the federal government shutdown that ended just three days before filing season opened Jan. 28,” the report said.

“The IRS had recalled previously furloughed workers during the closure to prepare, but thousands didn’t return when summoned and a backlog was expected to greet them when they did,” the report said.

The IRS is encouraging people to file early.

“IRS systems are operating smoothly to start the filing season, and refunds are being issued,” a statement said. “The IRS encourages taxpayers to e-file as the quickest way to receive their refunds.”


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97 comments for "Feb 8 - IRS tax refunds are down 8.4 percent under Trump tax plan"

 4 months ago '18        #2
Ryo857 
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This guy phucked us this shet got me shook on what I’m getting back now my boy got half of what he got last year smh


Last edited by Ryo857; 02-08-2019 at 05:30 PM..
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 4 months ago '17        #3
BLACK FIST 
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 4 months ago '04        #4
skillahmang 3 heat pts
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Maga!
-1   

 4 months ago '04        #5
abacabb 170 heat pts170
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...please tell me it is more complicated than...

I paid less in taxes all year so I got less on my return.
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 4 months ago '15        #6
AdRock 3 heat pts
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Unfortunate but this the only way this MF is going to get run out of office. When he costs enough people enough money, then they’ll change their tune...
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 4 months ago '18        #7
Lord God 82 heat pts82
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 abacabb said
...please tell me it is more complicated than...

I paid less in taxes all year so I got less on my return.
That's not what he promised.
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 4 months ago '16        #8
Papi 614 heat pts614
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 Lord God said
That's not what he promised.
he promised more jobs, the Wall, and peace with our enemies (Russia)
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 4 months ago '04        #9
VictoryThagr8 6 heat pts
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 Papi said
he promised more jobs, the Wall, and peace with our enemies (Russia)
And tax cut for the middle class.
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 4 months ago '16        #10
Papi 614 heat pts614
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 VictoryThagr8 said
And tax cut for the middle class.
the government shutdown fu*ked it up

I blame trump and the DNC
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 4 months ago '06        #11
new2hiphop 3 heat pts
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fu*kin up everybody money except his own.
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 4 months ago '15        #12
JintsGang1987 11 heat pts11
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Props to the guy who used this earlier. This is too funny.

[pic - click to view]

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 4 months ago '15        #13
PhilthyRich 5 heat pts
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I’m getting the biggest return I’ve gotten in years. 4,500. Boxden drinks on me in two weeks
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 4 months ago '17        #14
Ymmot 17 heat pts17
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 Papi said
the government shutdown fu*ked it up

I blame trump and the DNC
Trump's government shutdown didn't effect tax cuts for the middle class, retard. The middle class just didn't get the tax cuts you idiots believed you got.
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 4 months ago '16        #15
Papi 614 heat pts614
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 Ymmot said
Trump's government shutdown didn't effect tax cuts for the middle class, retard. The middle class just didn't get the tax cuts you idiots believed you got.
It literally says it in the op you dumbass

 4 months ago '17        #16
Ymmot 17 heat pts17
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 Papi said
It literally says it in the op you dumbass
It says it may be one factor. But you'll see over the next few years you'll pay more and more taxes because of the corporate welfare trump signed. Also, this is the author's opinion. I forgot how you sheep are when you read an article though...
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 4 months ago '15        #17
JintsGang1987 11 heat pts11
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[pic - click to view]

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 4 months ago '11        #18
SomeOnesoN 213 heat pts213
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 Papi said
he promised more jobs, the Wall, and peace with our enemies (Russia)
you're such a f*g**t.
+6   

 4 months ago '14        #19
Swade009 80 heat pts80
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I got about $400 more.
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 4 months ago '13        #20
eazy253 212 heat pts212
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 4 months ago '13        #21
eazy253 212 heat pts212
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 abacabb said
...please tell me it is more complicated than...

I paid less in taxes all year so I got less on my return.
This
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 4 months ago '13        #22
jae dub 336 5 heat pts
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this dude got people losing money on their tax returns and retirement funds

+3   

 4 months ago '08        #23
Andre3stacks 20 heat pts20
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I knew how much I owed on my taxes before the year even ended. People need to have tax planning and upgrade their withholdings/pretax retirement instead of just hoping theyll refund will be fat. So many changes this year that you can't just a*sume you'll owe less in taxes. be proactive instead of reactive.

Also if your situation has changed financially(New Job, Married, Child, etc) alll that sh*t factors into your taxes.
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 4 months ago '04        #24
strat 
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fu*k this tax plan. It's impossible to lower your marginal rate. So if you itemize and aren't in the smack middle of a bracket you got fu*ked. fu*k I need with a higher personal or standard deduction. Give me back my state and local taxes mortgage interest, and property taxes.
+10   

 4 months ago '08        #25
tdnupe3 17 heat pts17
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 SomeOnesoN said
you're such a f*g**t.
She's actually a lesbian that trolls different sections on this site
+5   

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