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Here are the winners and losers of the Trump tax cuts

Source: cnbc.com - Feb 13, 2020

As taxpayers roll into the second tax-filing season under the Tax Cuts and Jobs Act, one question remains: “Will I come out ahead in 2019?”

The IRS began accepting 2019 tax returns on Jan. 27 and anticipates it will receive more than 150 million individual returns this year.

Thus far, the agency has delivered 4.3 million refunds to early-bird filers, distributing an average check of $1,869 to those households, according to IRS data for the week of Jan. 31.

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Category: General Business