Why your tax refund may be smaller than expected - KTEN.com - Texoma news, weather and sports

Why your tax refund may be smaller than expected

Posted: Updated:
Some taxpayers are getting smaller refunds this year. (KTEN) Some taxpayers are getting smaller refunds this year. (KTEN)

DENISON, Texas -- Some of you might feel a little deflated when those tax returns come back.

At one Denison tax preparation service, customers are seeing smaller returns. Some are even having to write a check to Uncle Sam.

That corresponds to the latest statistics from the Internal Revenue Service, which said the average refund is down from $2,035 last year to $1,865 this year -- an 8.4 percent decrease. 

Mary Walker at Fast Tax explained that the government started withholding less money from paychecks last year.  As a result, you get a little extra in your checks, but won't get as much back. 

That's not welcome news for her clients.

"They don't like it much," Walker said. "They didn't even realize that they were getting more money in their paycheck, a lot of them didn't."

If your refund wasn't what you expected, Walker suggests taking a look at your W-2 form so your employer withholds more from each paycheck. She also said if there's a second government shutdown, it should not have a major impact on tax returns.

"But I don't think you're going to have any customer service to help you," Walker advised. "I would encourage you to go to IRS.gov, look it up, know how much you're getting back, know how you filed, and then put it in there and it should give a status on it."

As always, those tax returns must be postmarked by April 15.

  • Submit a News Tip

    Do you have a news tip for KTEN?

    Begin by entering your email address in the field below or call 903-548-4010

    * denotes required fields
    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Your news tip has been submitted. If you provided contact information, we might use it to reach out to you if additional information is required.