Reply To: Tax Time Nightmare….Trump’s Tax Reforms Cost me big time

Home Forums Rants Tax Time Nightmare….Trump’s Tax Reforms Cost me big time Reply To: Tax Time Nightmare….Trump’s Tax Reforms Cost me big time

#1710536
anonymous Jew
Participant

Alot of people thought they suffered because they had smaller refunds. It was then discovered that because the new ( and lower ) withholding wasn’t implemented until February, there was less withholding, higher net checks and thus, lower refund.
The doubling of it the standard deduction helped.
Our dear Gov Cuomo actually blamed the tax cap on the rise in New Yorkers leaving NY, not the taxes themselves.