looking for help on the Tax bill

[gabeana]

since less fed tax dollars are being withheld does that mean in 2019 come April 15th I very well could owe money or get less of a refund than I usually receive?

[Phoenix61]

1. Yes! Absolutely!

But you won't know for sure until after the Nov 2018 elections and that was the whole point.

[questionseverything]

2. yes that is exactly what it means

especially if your tax burden was formerly lowered by having dependants

[gabeana]

3. Thanks for the info

basically a scam to give away wealth to the rich

[DeminPennswoods]

4. HR Block calculator

Here's an estimator from HR Block: https://www.hrblock.com/w-4-calculator/#/en/payCheck

[unblock]

5. Yes they are knowingly lowering withholding by more than the average tax savings

Though some people are affected more than others depending on your tax situation.

But a lot of people will have smaller refunds or owe more next April than they are used to.

But hey, that’s after the election, “haha suckers”, say the republicans.

[A HERETIC I AM]

6. Frankly, the ideal situation.....

has always been that you owe a very small amount or you get a very small refund.

A large refund means you have given the government an interest free loan.

[gabeana]

7. you are right

My refund is not a gift from the government, it is that I paid too much in taxes. but after having issues with the IRS,
I claim 1 deduction on fed tax now going to change to 0

I like a refund even if it is only for psychological reason