The First Filing Season Under the Trump Tax Cut
Podcast |
The Exchange
Publisher |
NHPR
Media Type |
audio
Categories Via RSS |
News
Publication Date |
Mar 05, 2019
Episode Duration |
00:57:52
This tax season the new tax code passed by President Trump and a Republican-led Congress is finally in full effect. The legislation passed in late 2017 but most changes became effective in 2018 and this filing season's refunds could act as an indicator of the tax cut Americans were promised. Most already saw that cut in less witholding—or the money taken out of their paychecks. The IRS is reporting that the average refund is more —so more money going back to taxpayers —but the number of Americans getting that refund is down. We check in: are Granite Staters getting bigger refunds? And is the new tax code easier to manage?
This tax season the new tax code passed by President Trump and a Republican-led Congress is finally in full effect. The legislation passed in late 2017 but most changes became effective in 2018 and this filing season's refunds could act as an indicator of the tax cut Americans were promised. Most already saw that cut in less witholding—or the money taken out of their paychecks. The IRS is reporting that the average refund is more —so more money going back to taxpayers —but the number of

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