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Anyone notice a difference in their tax refund/payment this year?
Posted on 2/10/18 at 7:51 am
Posted on 2/10/18 at 7:51 am
Just curious as to how the new Trump tax plan has effected people. I haven’t done my taxes yet, but how has this year been different for you? Did you complete your taxes the same way as you’ve done in the past? Itemized or no?
Posted on 2/10/18 at 7:54 am to BengalBlood81
The tax cuts don't affect this year's refund. This year's refund is for last year when the old laws were still in effect.
Posted on 2/10/18 at 8:39 am to BengalBlood81
They're taking out around $60-$80 less per paycheck for me. To help more with taxes, I took that extra money per check and upped my 401k another 2%. Also, I filed my taxes with my CPA on Monday. Their software is now able to project what your return would look like next year with the new brackets in place using your current w2 numbers for comparison, and I was pleasantly surprised. With everything like it is, according to their software my return will be almost double what it was this year. Fine with me!
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