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Tag Archive for 2018 return

Will You Get A Refund Or Owe For 2018?

Chuck Woodson Will You Get A Refund Or Owe For 2018?

As a result of tax reform, most taxpayers will be paying less tax for 2018 than they did in 2017. But that may not translate into a larger refund. Your refund is the amount that your pre-payments (withheld income tax, estimated tax payments, and certain credits) exceed your tax liability, and if the pre-payment also got reduced, you could be in for an unpleasant surprise at tax time.  Read more