Jim Geraghty of National Review and Greg Corombos of Radio America welcome the news that tax refunds are now slightly outpacing the amounts issued last year by the IRS.  They also examine the record of the latest Democrat to run for president – former Colorado Gov. John Hickenlooper – and whether he has any path to victory.  And they get a kick out of New York Sen. Gillbrand insisting she’s not a flip-flopper after running for Congress as a moderate Democrat and now running for president as a ardent progressive.

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There are 2 comments.

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  1. Jim Wright Inactive
    Jim Wright

    We got a decent refund last year. This year? We owe around $1300 federal. The changes to standard deduction aside, what hit us was under-withholding from my wife’s part time job. But our total tax liability is down from last year.  Our state refund will cover most of it.

    Would I rather have a big refund or more take-home each paycheck? It’s nice to get a spring boost around my birthday, but it’s easier to budget around paychecks than refunds.

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  2. Catchance Inactive

    Sigh… I am one of the few with a small income (around $30k) who actually has to pay more this year.  My itemized deductions (charitable donations, medical, property taxes, home equity loan interest) are around $9,000 each year, and I used to have a $4050 personal exemption on top of that, for a total of $13,050 in deductions.  But now the personal exemption is gone, and the interest on my home equity line is no longer deductible (even though it was spent on home improvements) so I only have the $12,000 standard deduction.  That’s a difference of $1,050 on which taxes are due that weren’t before.  Granted, it’s only about $150, but it is more.

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