04/07/2019
I HAVE BEEN HAVING TO EXPLAIN WHY REFUNDS ARE LOWER. SOME HAD TO PAY WHEN THEY WERE NOT USED TO AND SOME ARE PAYING MORE. This not an indictment on the president or anyone but the process around how refunds were used were not considered
While some did benefit, most didn't. The #1 reason that the withholding tables were reduced to give people more in their paychecks. Something similar happened in 1986.
Some will have just readjust their withholding. There also may be some other strategies and I will be communicating with them at a later time
A new study from the JPMorgan Chase Institute documents how tax refunds impact American families’ income, saving, and spending habits