What’s Going on with 2018 Tax Refunds?
Many people are scratching their heads this year, trying to figure out why their tax return is so much smaller. Some people who normally get a refund are actually finding themselves owing money. Gilmore Jasion Mahler CPA Amy Merkel explains what's going on.
Amy adds that If you prefer to have more withheld and receive that larger refund in April, you'll need to adjust your withholding going forward, otherwise, she says, the same thing will happen to you again with your 2019 tax return.
Established in 1996, Gilmore Jasion Mahler, LTD (GJM) is the largest public accounting firm in Northwest Ohio, with offices in Maumee and Findlay. Locally owned, GJM offers cloud-based accounting and provides comprehensive services including assurance, business advisory, tax, risk advisory, healthcare management and outsourced accounting. The Firm's professionals specialize in industries including construction & real estate, healthcare, manufacturing & distribution and utilities.