Will Form 843 Refund 2024-2025

Tax season 2019 has brought some surprising news for many Americans. Early returns suggest that instead of receiving the refunds they expected, some individuals may actually owe money to the IRS. This has led to frustration among early filers, with some taking to Twitter to express their displeasure towards President Trump. One Twitter user shared their experience, stating that despite making the same amount as last year, they now owe an additional four thousand dollars. They also mentioned voting for Trump in the past but stated that they won't vote for him again, especially after seeing their worst tax return in a decade. The reason behind these unexpected outcomes lies in the new tax law passed last year. While it brought a massive tax cut for working families, it also doubled the standard deduction for most middle-class Americans. This resulted in a slight increase in paycheck amounts due to lower withholdings, which may have gone unnoticed by some individuals. The IRS informs NBC News that as a result, some workers may receive a smaller refund or potentially even owe money, especially if they did not check and adjust their withholding in 2018. It is estimated that around 30 million Americans will owe money to the IRS this year, shocking those who were expecting a refund. To address this situation, the most important step individuals can take is to update their withholding. This can be done by going back to their employer and making necessary changes. By doing so, they can ensure that their tax situation is properly accounted for, potentially avoiding any surprises in the future. Compared to last year's average refund of $2,541, this year's average refund is expected to be $1,861. This decrease in refund amounts means that many Americans may have less money to put into savings or...