While most Americans thought they wouldn't be affected by the partial government shutdown, anyone with a federal tax refund coming to them will have to wait until the stalemate is over, according to the Wall Street Journal.
As one of the agencies which now lacks funding, the IRS and the US tax collector are operating with roughly 1/8 of their usual staff under a shutdown plan it's operating under outside the tax-filing season.
During a shutdown, the IRS can continue activities that protect government property, and the agency may bring in more workers soon to prepare for the income-tax filing season. Even during a shutdown, the agency still processes some tax returns that include payments, keeps computer systems running and continues criminal investigations. But the IRS generally doesn’t conduct audits, respond to taxpayer questions outside the filing season or—brace yourself—pay refunds.
A shutdown that gets resolved within a few weeks would have little ultimate effect on taxpayers, but lawmakers have made little or no movement toward a deal. That stalemate raises the prospect of an unprecedented extended closure during the individual income-tax filing season, which typically starts in mid-to-late January. The IRS hasn’t announced a start date yet for the 2019 filing season, the first under the tax law that Congress passed in 2017. -WSJ
"We’re in uncharted territory as each day gets longer," said Mark Steber, chief tax officer at Jackson Hewitt Tax Service Inc.
This means that early filers won't receive their expected refunds - which may put pressure on President Trump and congress to hammer out a deal. President Trump says he won't sign any legislation that doesn't include $5 billion for his border wall, while Congressional Democrats say that's not happening.
If last year's tax refund figures are any indication, there are potentially hundreds of billions of dollars on the line for more than 55 percent of US households.
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19 comments:
Then they should also stop collecting taxes...
I can certainly wait a bit longer for any refund I might get if it means better border security! Build that wall!!
Only the lazy bums and freeloaders will cry their crocodile tears over not getting daddy governments little handout back LOL
Tough it out.
So since I'm self employed, I won't have to pay my taxes until they install border security? I'm golden with that, LOL!
Smart folks do not get refunds. Why give the gov a free loan for a year. Money people usually owe at years end and never expect or want a refund. Talk to your accountant, don't have more taken out of pay checks than necessary, it's pretty simple.
Oh well. The more that feel the squeeze better for PRESIDENT TRUMP. The democrats don't know when to fight. This is a list cause. They will lose SOOOOO much over 5 billion when they want to give the world 65 billions of TAXPAYERS MONEY.
the welfare crowd will be the ones screaming the loudest. I always though once one managed to get their tax to zero thats it. Nope these special labeled individuals, no daddy no real job, etc can actually get back way more then they paid in. so it's a plus if the irs can't send them my tax money! f the demo'ns!
first of all the IRS is not legal in fact the admendment has never been ratified.
They had better EXEMPT them from the shut down just like the post office ..it is ESSENTIAL !!!!
OR . you will have RIOTS All over America !!!!! Don't cross that line !!!!!!!!!!!!!!
Quit fkkkkkking with our Tax Refunds . >>>>> . That's why we got Rid of Obama Care !!!!!
the funds from our labor should not be taxable
There should be NO TAXES . in America because NONE are needed
If you have printing presses & can legally make $$$$ . , why do you need ours ?? It is based on Trust , not
on . Gold . anymore !!!
Plus Govt waist it and gives it away , even to Enemys like Iran . .....Not Right . should be Illegal !!!!
If we could print our own $$$$ . we would not need anybody elses = . common sense . !!! WAKE UP !!!
Only reason the Govt Takes our $$$$ . by force (Taxes) . is to keep us all poor so we have no power !!!!
IT DOES NOT NEED OUR $$$$$ . Why can't people wake up & see that , and just keep paying up ???
I can not believe these stupid comments. Tax refunds are not government handouts, it's simply money you have over paid. Quit over paying and it's a non-issue.
7:19 you don't get it. one does not have to overpay. I am tired of seeing people who work very little get back 10 times what they may have been taxed. So that is money I and others paid in and will never get back! bad enough we support the losers every damn day, now we have to pay them more! time for another way!
Wow...print more money. Really...that’s your fix?
So the dollar devalues to the point where a loaf of bread will cost you $300. Great plan.
If you’d stayed in school or at the very least paid attention during your obviously brief stay there, you would know (just as an example) of how well that worked for Germany after the Second World War.
What's wrong with you people. You are BEING SELFISH .How else do you think that the GOVERNMENT is going to pay the BILLIONS OF DOLLARS FOR FOREIGN AID?? I understand that YOU are already PAYING FOR THE ILLEGALS AND THEIR SIX CROTCH GOBLINS THAT ARE ALREADY HERE. AND YOU MIGHT BE PINCHING PENNIES TO TAKE CARE OF YOUR OWN FAMILY AFTER PAYING THE ILLEGALS BILLS BUT SUCK IT UP AND QUIT BEING SELFISH. You guys should GET ANOTHER JOB. What would Jesus do?
LOL it's not going to stop them from collecting the taxes. I pay well over $30,000 a year in taxes who cares if deadbeat people get $4,000 back when they only pay in $500. With that math I should get back $100,000+ not going to happen. Just so you know one of those deadbeats is a family member of mine to lazy to work any kind of job long enough to take care of his children only long enough to get all the government freebies he can + a fat refund from my checkbook.
Politicians should Only be allowed to get their Salary
No more taking Bribes from special interest groups etc
Waisting Our tax $$$ & giving it away to foreign countries should be a Crime
Esp to Enemies like Iran ( like that plane load of Cash Obama sent to them !!! ) . Fact
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