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MP4VT2004

Joined: 9/9/07 Posts: 9402
Likes: 5042


Look up the tax tables for 2018 vs. 2017. Rates dropped.


Unfortunately for people like me, some deductions also disappeared, so for some, while rates went down, taxable income went up. Each person's situation is different. But I think as a general rule, if you didn't itemize deductions before, you should wind up having paid a lower overall tax rate in 2018 vs. 2017. What that looks like in terms of witholding vs. refund amount is different for everyone.

(In response to this post by VTSnake)

Posted: 02/12/2019 at 1:25PM



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Current Thread:
 
  
CPA: What % of your clients are actually paying more? -- VaAkita 02/12/2019 12:10PM
  Yes 80 percent paid less in taxes -- capitals1 02/12/2019 1:12PM
  You don't sound snarky. -- MP4VT2004 02/13/2019 12:50AM
  I understand your premise -- RTFC 02/13/2019 10:19AM
  That's not how I understood it -- RTFC 02/12/2019 4:26PM
  Sorry, I didn't explain it very well. -- MP4VT2004 02/13/2019 12:57AM
  Media spinning it ** -- DaveVT 02/12/2019 12:36PM

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