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Discussion » Questions » Finance » Is your income tax return lower this year/ I WONDER why that is.

Is your income tax return lower this year/ I WONDER why that is.

Posted - February 11, 2019

Responses


  • 520
    My return this year was about 20% higher than last year.
      February 12, 2019 1:55 PM MST
    2

  • We did our taxes.  Our federal refund is 50% less than last year.  We earned just about the same too.  
      February 12, 2019 2:11 PM MST
    0

  • 628
    Hello there Sharonna
    I pay mine quarterly, as I own my own business..
    I made less in 2018 than I did in 2017 but estimated my tax burden on my 2017 income...so I am entitled to a refund, which I will roll over to 2019 taxes.
    I am also fortunate to not have had my property reassessed since I bought it so I have only seen roughly a 2percent rise in my value, which still keeps it very low, so the change in the law dealing with home mortgage deductions hasn't really affected my federal tax burden...which I know has caused many people in California to pay more..
    My ratio of tax to income hasn't seemed to change that much and it is not so high that I mind paying..
      February 12, 2019 3:57 PM MST
    1

  • 7775
    HEY HEY HEY!! You'll have to subpoena my tax records to get that info.
      February 13, 2019 7:57 AM MST
    1