Reuters: U.S.

Sunday, January 26, 2020

News Alert: Tax season could bring more refund confusion

 
 
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Tax season could bring more refund confusion
The second tax filing season under President Trump’s tax law is kicking off on Monday, and much of the attention will be on tax refunds, a source of frustration for many taxpayers last year.

Reports of people unexpectedly owing the IRS instead of receiving refunds, and taxpayer uncertainty over how they were going to be impacted by the Trump law, led tax preparers to report increased anxiety from their clients during last year’s filing season.

IRS data ultimately showed that on average refund amounts stayed about the same under the new law. But talk of confusion over the tax law's changes and disappointment over refunds drew headlines throughout the filing season.
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