02-18-2019, 07:12 PM
(02-11-2019, 06:43 PM)StrictlyBiz Wrote: Its 100% due to the tax code. We were remarkably consistent from 2017. MFJ both years. Total income was within a few thousand dollars. Taxable income was within $1500. In '17 we itemized and deducted just under 24K, last year we took the standard deduction of 24K. I even make quarterly estimated's and in total they were within $1000 from year to year. Total tax dropped significantly, thus the larger refund.
None of the brackets dropped as much as 6% and you claim the deductions were the same.
So I don't see how your tax bill could have dropped by over 6%. The bracket ranges were adjusted some, but I still don't see the 6% drop.
But I am not going to get into the full accounting to dispute it here. Maybe there is something I am missing.