Trump's Tax Refund Promises Falling Short

In a predictable turn of events, the Trump administration appears to have fallen far short of its promise to increase American taxpayers’ tax refunds “by $1,000 or more” this filing season. As of a week and a half before the end of filing season, the average refund was up only $346 over last year, with little prospect remaining for a significant increase. Even that $346 average is heavily driven by larger refunds for the highest earners and is not representative of the median taxpayer’s experience. Read Full Article »