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


 


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 1 week ago '06        #1
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RAZAH CUTS 6447 heat pts6447
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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"

 1 week 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 06:30 PM..
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 1 week ago '17        #3
BLACK FIST 
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 1 week ago '04        #4
skillahmang 3 heat pts
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Maga!
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 1 week ago '04        #5
abacabb 158 heat pts158
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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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 1 week 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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 1 week ago '18        #7
Lord God 69 heat pts69
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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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 1 week ago '16        #8
Papi 564 heat pts564
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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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 1 week 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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 1 week ago '16        #10
Papi 564 heat pts564
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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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 1 week ago '06        #11
new2hiphop 2 heat pts
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fu*kin up everybody money except his own.
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 1 week ago '15        #12
JintsGang1987 10 heat pts10
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Props to the guy who used this earlier. This is too funny.

[pic - click to view]

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 1 week 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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 1 week ago '17        #14
Ymmot 10 heat pts10
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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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 1 week ago '16        #15
Papi 564 heat pts564
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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

 1 week ago '17        #16
Ymmot 10 heat pts10
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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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 1 week ago '15        #17
JintsGang1987 10 heat pts10
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[pic - click to view]

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 1 week ago '11        #18
SomeOnesoN 206 heat pts206
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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   

 1 week ago '14        #19
Swade009 72 heat pts72
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I got about $400 more.
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 1 week ago '13        #20
eazy253 209 heat pts209
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 1 week ago '13        #21
eazy253 209 heat pts209
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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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 1 week ago '13        #22
jae dub 336 4 heat pts
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this dude got people losing money on their tax returns and retirement funds

+3   

 1 week 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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 1 week 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   

 1 week ago '08        #25
tdnupe3 14 heat pts14
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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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