The tax-filing season started last week — and some taxpayers might be in for an unpleasant surprise.
Some 21% of taxpayers could be “underwithheld” this year, meaning their employer did not take enough money out of their paychecks to cover their tax obligations, according to the Government Accountability Office.
CNBC notes that those at risk of “falling short on their tax obligations include taxpayers who claimed personal and dependent exemption deductions under the old tax law but won’t under the Tax Cuts and Jobs Act, gamblers on a winning streak, others with unreimbursed employment-related expenses, and people who can’t claim full state and local taxes as itemized deductions.”
Rawstory notes that the tax bill also “capped deductions for taxes paid to state and local governments, while massively increasing the amount of money you must donate to qualify for a charitable giving deduction.”
Dozens of early tax filers have taken to Twitter to express their shock and anger at President Trump’s signature tax cut plan after learning the hard way that the majority of the law’s generous benefits have gone to corporations instead of the middle-class.
@realDonaldTrump I trusted and voted for you, now, screwed by you. I fall JUST above a tax bracket, I don't get the 5000 return I've gotten the last 3 years. Money my family depends on to start us over. I served my country honorably. I will not make the same mistake twice.
— Matt Davis (@MattDav72811123) January 30, 2019
I am a Republican voter. I just did our taxes.
The @GOP tax bill cost my family THOUSANDS of dollars this year on our return due to changes, thereby hitting us with the LARGEST tax increase of our lives.
We are middle-class homeowners, and you raised our taxes.
— Dennis Jordan (@DennisMJordan) February 5, 2019
I have to pay $2000 MORE in taxes this year! What happened?? I voted for you and thought you were fixing this, not making it worse!? I thought I would get money back this year!?
— Iamnewatthis (@sandynewtothis) February 1, 2019
Voted for you . Family of
2 hard working N.Y. cops. Did taxes for years we would pay more and get a refund at the end of the year to help pay debt . First time in 30 years We had to pay more in Federal
Taxes. I’m disgusted
— Nycgirl (@nlnp99) February 5, 2019
@POTUS thank you for screwing the middle class with your tax reform. I have never in my life, I’m 49 years old, had to pay into the IRS until this year. We have a combined income of 150,000. The middle class voted for you. I will not make the same mistake twice.
— Joel Serbin (@JoelSerbin) February 4, 2019
@RepDonBacon I just finished my taxes and we're paying an extra 4k this year since exemptions are gone. With a High D HC plan, this has not been a good year. I voted for you twice now. What's the plan?
— Jay Wright (@nochcknstrps12r) February 3, 2019
@realDonaldTrump I voted for you, and believe in the things you are doing, but you screwed us middle class with taxes. I can’t itemize or anything. How about a flat tax and get rid of earned income credit. Some don’t earn income but get more back in taxes for having baby’s.
— Thomas DeLucca (@TDeLucca7728) February 3, 2019
I voted for you the first time but after you screwed me on my get tax break I won’t vote for you again especially after I started on my 2018 return it’s a joke the taxes you are keeping from a working person good luck in 2020
— Shelby Kuh (@ShelbyKuh) February 2, 2019
I voted for @realdonaldtrump, but that unfortunately that means I have to pay higher taxes.
— Joshua Curtis (@dcjchris) January 26, 2019
Worse tax return I had in a decade! I admit I voted for @realDonaldTrump but he has officially lost my vote for 2020.
— A9N7G3 (@973angie) January 23, 2019
My friend works for an accounting firm.
She said that overall most people are getting back way less than they always have. It's rough.
— Steffanylou (@BamaBelle12345) January 24, 2019
Wait til you file your taxes. Middle class just lost half their return. Lowest refund I have ever had and I am 50yrs old. No wall and now this tax reform sucks too!! Starting to doubt Trump. I voted for him and trusted him too.
— Speziale-Matheny (@Speciale3886) January 27, 2019