2019 Tax Refund is half of what is was in 2018... (deduction, withholding, credit)
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...and I am not seeing the difference in my weekly paycheck.
So much for this new tax plan.
Who is benefitting from it?
The size of your refund is irrelevant to whether or not you are benefitting. The appropriate comparison is your tax liability in 2017 vs. your tax liability in 2018. Once that is known, SuiteLiving has laid the major factors could affect your liability. Look into those and you may have a meaningful answer.
yes ,, it makes no sense because withholding has little to do with actual tax liability .... you can make your pay check whatever you want ... it only shakes out to what you owe at the end .. this is either a political rant in disguise or someone who does not understand taxes .
what caused the difference between the 2 years, income up, deductions down, total tax liability up, withholding down, credits down, etc.
Your post gives no information that implicates the new tax plan as the cause.
Income is the same
Quote:
Originally Posted by jiminnm
The size of your refund is irrelevant to whether or not you are benefitting. The appropriate comparison is your tax liability in 2017 vs. your tax liability in 2018. Once that is known, SuiteLiving has laid the major factors could affect your liability. Look into those and you may have a meaningful answer.
What? the bigger the refund the bigger the benefit to me!
sounds like you over paid in 2017 so you got money back in 2018 ... without actual numbers this thread is meaningless .
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