Sunday, March 3, 2019

Income Taxes 2018 #2

One week ago I posted about the many news stories I saw about tax refunds being smaller than last year. By innuendo said stories alleged the Tax Cuts and Jobs Act didn't reduce taxes after all.

Such allegations were based on the earliest filed tax returns. Since then with more returns filed, the average refund has risen to be slightly greater than last year. The Washington Examiner notes that the newsrooms that rushed to report tax refunds were smaller this year -- such as The New York Times, Washington Post, and National Public Radio -- have been silent on the IRS data showing the average refund has since increased.

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