• The IRS can't pay out tax refunds during the partial government shutdown, and it's the biggest problem for people who need it the most

    2 monthes ago - By Business Insider

    Tax refunds may be delayed if the ongoing partial government shutdown continues, according to the Wall Street Journal .
    A delay in tax refunds may affect the taxpayers who need it the most - low-income households, who typically file taxes sooner than wealthy filers because they need the money more.
    This comes during a year when many American taxpayers should be expecting bigger refunds than normal.
    Taxpayers who file early in tax season may not receive their refunds in a timely manner thanks to the partial government shutdown that began on December 22, according to the Wall Street Journal...
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  • A Majority of Republicans, Democrats, and Independents Expect a Recession in 2019

    A Majority of Republicans, Democrats, and Independents Expect a Recession in 2019

    2 monthes ago - By Fortune

    The government shutdown is still on, trade tensions with China continue, and the stock market shows ongoing investor fears .
    Little wonder why many may feel uncertainty. One symptom of growing anxiety is increased fears of a recession coming in 2019, according to a new poll from Axios in partnership with SurveyMonkey.
    Despite nearly 60% of Americans believing the economy is still growing, approximately 65% still expect a recession is likely within the next year. However, those numbers vary widely by political affiliation.
    Only 36% of Democrats thought the economy was growing, compared to...
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  • Your Taxes Are Still Due in a Government Shutdown, But You Won't Get a Refund

    2 monthes ago - By Fortune

    The Internal Revenue Service, like many other government agencies, is operating on a skeleton staff as the government shutdown continues with no end in sight. But don't think that means you're going to get a break on paying taxes.
    The IRS will continue to process tax returns, regardless of the ongoing budget fight in Washington. However, when it comes to issuing refunds, that's not going to happen until the government completely reopens.
    At this moment, that's not much of a problem. Few people are so eager they file taxes during the first week of the year. But as we get deeper into January...
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