I know what it means to assume, but if you are very concerned about a tax refund, I’m going to assume you aren’t one of the outliers on the higher end of the Dear girlfriend I’m yours no refund sorry about that shirt. All this leads to this point: tax rates were cut in 2018 for many, if not most, taxpayers due to the cuts to the progressive tax rates by bracket. This led to the reworking of the tax withholding tables supplied by the IRS that employers used to calculate how much of your paycheck to take from your paycheck and send to the government. The tables were designed based on simulated tax situations and were imperfect, to put it charitably. This problem was sufficiently widespread that the IRS came to the conclusion that they would waive penalties for many of the people who underpaid throughout the year based on the imperfect tax tables that the IRS mandated for use in employer tax withholding.
Dear girlfriend I’m yours no refund sorry about that shirt, hoodie, sweater and v-neck t-shirt
Best Dear girlfriend I’m yours no refund sorry about that shirt
I don’t usually get a refund. I would rather manage my own money throughout the year and Dear girlfriend I’m yours no refund sorry about that shirt. What did happen, though, and definitely NOT due to increased wages, was each paycheck I received in 2018 was higher than before, because the IRS did not collect as much of my money at payroll time- due to the tax cuts and the revised tax tables. While individual results may vary, this was a pretty universal result in much of middle income American taxpayers. Yes, other variables changed also, and these were the things the tax tables couldn’t plan for in simulation, because everyone’s tax is calculated on other factors existing outside of the tax brackets. These other things that changed were still things that determined what the final income tax bracket placement would be, and again, those were TAX CUTS for many, if not most, American tax payers