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re: Anyone notice a difference in their tax refund/payment this year?

Posted on 2/10/18 at 8:08 am to
Posted by Moots
Gonzales, LA
Member since Nov 2007
978 posts
Posted on 2/10/18 at 8:08 am to
quote:

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.


Exactly...The only noticeable change is on your current paycheck, most everyone's take-home pay has increased because the tax tables have been adjusted downward because your 2018 tax burden has been reduced because of the trump tax cuts.

Hang on to your 2017 tax filing and compare it to what you file next year for 2018...this will tell the true story of exactly what the tax cut did for you.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71675 posts
Posted on 2/10/18 at 8:16 am to
quote:

Hang on to your 2017 tax filing and compare it to what you file next year for 2018...this will tell the true story of exactly what the tax cut did for you.


I still won't be able to get an exact measurement. I think Mississippi eliminated the bottom tax bracket this year (which resulted in a slight uptick in January).
This post was edited on 1/12/21 at 8:46 am
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