You'll need to sign in or create an account to connect with an expert.
The primary reason is probably a change in withholding. The W-4 withholding tables were recalculated after tax reform was passed last year. People withheld a smaller percentage in their paychecks because of lower tax rates overall. Refunds are down for most people this year.
Also, if your income goes up, you do have more income being taxed at a higher tax rate.
The primary reason is probably a change in withholding. The W-4 withholding tables were recalculated after tax reform was passed last year. People withheld a smaller percentage in their paychecks because of lower tax rates overall. Refunds are down for most people this year.
Also, if your income goes up, you do have more income being taxed at a higher tax rate.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
esag24
Level 1
Kgrevious
Level 1
user17786864346
New Member
haavisto
New Member
johnathon131404
New Member