Victorlink87 on 06 February 2019
| Machiavellian said: Did anyone see a increase or decrease in their Tax return this year. There are a few articles out there that basically saying Trump Administration decrease the withholding's so that people would see more from their paycheck but the cost of course is that instead of a tax refund at the end of the year as most may expect, they could be paying the IRS. I did not do my taxes yet but I already did my homework and know that I will be getting less and tax more with Trump and the GOP tax plan since I have 3 kids. |
I recieved less than I thought last year, so I crunched the numbers to get an idea of what I would get for this year.
I made about 75k last year. I have 3 kids, under The GOP plan the child reimbursement went up by $800 per kid. I also saw about a 8% decrease in overall income tax.
My 2010-2017 tax returns ranged from 2k to 3.5k. This year I will get back $6k. Which is a little less than I projected last year.
Edit: I just realized I only owe a little over 6k on my student loans. Guys, this is a happy day!
Last edited by Victorlink87 - on 06 February 2019
