Big refund? Maybe not

commentary /// Income taxes


As a result of tax reform, most taxpayers will be paying less tax for 2018 than they did in 2017, but that doesn’t mean larger refunds are on the way.
Your refund is the amount that your prepayments (withheld income tax, estimated tax payments and certain credits) exceed your tax liability. If the prepayment also got reduced, you could be in for an unpleasant surprise at tax time.
So why would the prepayments, particularly withholding, be less? Simply because the current W-4 form on which employ...

Thank you for supporting your local Acorn! You need to be a digital subscriber to view the rest of this content. Please Login or Subscribe Now!