At least for some, anyways.
Many people can't understand they're getting more money every paycheck instead of at the end of the year, so yes, their refunds will be smaller. What's not to understand? I get it this doesn't apply to everyone considering the different tax brackets, but for many it's just something else to gripe about. To those people, I say enjoy the bigger paychecks and learn the value of saving/investing money. You don't have to spend every penny of every check.
https://www.bloombergquint.com/politics/shrinking-tax-refunds-cast-a-shadow-on-trump-s-signature-law
Many people can't understand they're getting more money every paycheck instead of at the end of the year, so yes, their refunds will be smaller. What's not to understand? I get it this doesn't apply to everyone considering the different tax brackets, but for many it's just something else to gripe about. To those people, I say enjoy the bigger paychecks and learn the value of saving/investing money. You don't have to spend every penny of every check.
https://www.bloombergquint.com/politics/shrinking-tax-refunds-cast-a-shadow-on-trump-s-signature-law