WASHINGTON — This year’s tax season was one of angst and anger. Many folks were distraught that they owed the IRS money. Others were disappointed that their refunds were significantly less than in previous years. Many people were not happy with the changes ushered in under the 2017 Tax Cuts and Jobs Act. Although the law nearly doubled the standard deduction, it also removed personal exemptions and limited or discontinued other popular deductions. For instance, the total combined deduction for sales, property, state and local taxes is now limited to $10,000 (or $5,000 if married and filing separately). Just before this past April’s tax deadline, a Gallup poll found that 43% of Americans weren’t sure how the new law would affect their taxes. Under the...
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Michelle Singletary: Were you blindsided by your 2018 taxes? The IRS has a new withholding tool that will help you pay the right amount of taxes for 2019