Did you end up unexpectedly owing money on your taxes this year? Statistics from the Internal Revenue Service (IRS) ending on March 1 indicate you’re not alone. Compared with a similar point in the tax season the previous year, there have been nearly 6 million fewer refunds. IRS records show.
There is a big reason for this. Withholding changed. What better way to prevent a recession than to give taxpayers more money in their pocket! How do you do that? By manipulating withholding and most people don’t even realize it. When was the last time you looked at your paystub? Most people don’t even get pay stubs, they get their checks via direct deposit and see nothing until they get their W2s. Even some of those people don’t open the envelope the W2 is in and then surprise! YOU OWE.
We can’t change the past but we can fix the future. IF you owe and you don’t like that situation talk to us and we can help you get on the right track If you got less of a refund we can come up with ways to help you get more. It just takes us working together.
