Laura Zagon complains that middle class taxpayers’ refunds (she refers to them as “returns”) are “impacfully (sic) lower” than previous years. I am a CPA with a small practice and among the clients who's refunds are lower or who actually owed taxes, the pattern is quite similar. For example: in past years, they normally got a refund of about $2,000. Their taxes in 2018 went down $500, but the amount withheld from their salaries was $3,000 less. So, this year, they had to pay $500.

The new tax law required that IRS revise the withholding tables. IRS did its best to make this fact public, that taxpayers should review their withholding. Few did, and as a result, it looks like their taxes went up. They probably didn’t.


St. Michaels

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