B
Ben Casselman
Economics/business correspondent at The New York Times
9093 followers
•
500+ connections
Happy #TaxDay ! Although, if my Twitter feed is any indication, it's not a happy tax day for a lot of people. I'm hearing lots of complaints from people who are getting lower refunds than they expected this year, or who owed money. Data from the IRS suggests those experiences aren't typical: The average refund is pretty much the same this year as last, although fewer people are getting them at all. Still, if you aren't happy with your refund, my colleague Tara Siegel Bernard has a reminder for you: Check your withholding! If you don't, you could find yourself in even worse shape next year. https://lnkd.in/du5ktai Meanwhile, don't make the mistake of thinking that your tax refund tells you anything about whether you got a tax cut last year. Spoiler alert: You probably did. Or at least it's unlikely you got a tax increase, even if you live in a high-tax state like New York or California. Don't believe me? You're not alone -- surveys show most Americans don't believe they got a tax cut. See my story with Jim Tankersley for more on why. #taxes #economy
…see more
Hashtags
#TaxDay
#taxes
#economy