So. Are they slashing tax rates this year then? Or is it a “We’ll just collect everything we would have taken anyway when you file next years taxes. But in the meantime it’ll look like a wage increase without being a wage increase.”
Last year they made some changes and many people are getting larger refunds because of those changes. 2026 tax year will have more changes that will go into effect so the Treasury is trying to get ahead of it. Treasury would prefer workers keep the money on their paychecks rather than have to cut those checks after taxes are filed.
So. Are they slashing tax rates this year then? Or is it a “We’ll just collect everything we would have taken anyway when you file next years taxes. But in the meantime it’ll look like a wage increase without being a wage increase.”
Won't a tax rate change have to go through congress, unless Trump can do an executive order to change the tax laws.
This is an interesting clip, I wish an accountant would jump in and comment.
Last year they made some changes and many people are getting larger refunds because of those changes. 2026 tax year will have more changes that will go into effect so the Treasury is trying to get ahead of it. Treasury would prefer workers keep the money on their paychecks rather than have to cut those checks after taxes are filed.