For many years I had my tax with-holdings tweaked just right so I'd never be faced with having to come up with a surprise tax payment...tweaked close so I only got simple little double digit Federal refunds.
Since I'd already picked up a copy of 2018 TurboTax, and all my 2018 tax info had now come in, I did my taxes this afternoon.
Income has been rock solid flat for several retirement years now, and the standard deduction has always been the route.
The new tax plan's "doubled standard deduction" made a huge, way above normal difference in the refund amount this time, huge.
Will now recalculate withholding to keep that in the bank drawing interest instead of letting the government play with it for free.
Kudos to the Trump administration !
Since I'd already picked up a copy of 2018 TurboTax, and all my 2018 tax info had now come in, I did my taxes this afternoon.
Income has been rock solid flat for several retirement years now, and the standard deduction has always been the route.
The new tax plan's "doubled standard deduction" made a huge, way above normal difference in the refund amount this time, huge.
Will now recalculate withholding to keep that in the bank drawing interest instead of letting the government play with it for free.
Kudos to the Trump administration !