My accountant called this morning to tell me that my federal income tax refund will be much lower (about $2500) than last year. But here's the thing - my take-home pay went up about $50 a week after the tax cuts went into effect. In other words, instead of getting a big refund, I got little "refunds" each week and will get a smaller bulk refund when my taxes are filed.
Honestly, it is not a huge deal either way - I am not getting rich off the refund regardless. To me, it is just the yearly obligation I have to file and get what I get in return. The truly wealthy are getting over on the system every day, the rest of us just make do.
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