Tax Refunds Down Over 8%

Average refunds are down more than 8% compared to last year due to the recently enacted change in tax laws.  The primary culprits for lower refunds are:

  • Reduced State & Local Property Tax Deductions
  • Reduced Tax Withholding from Paychecks

The shock of a lower refund or even worse, having to owe has been all too familiar to taxpayers residing in the Tri-State area.  If you need assistance in helping to prepare for next year by learning how to increase your tax withholding or speaking with a tax professional about your property taxes, contact us at (888) APRIL-15 or click “Book Appointment” above.