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Money and Finances
Reply to "Tax Year 2025 Tax Refunds"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Did you get a refund? How much? Or did you have to pay? Did OBBB truly impact refunds? Or is Bessent blowing smoke? I'll start - Federal refund of $7k - last year federal refund was like $400 and we did not change any withholdings[/quote] It sounds like you benefited from the increase in the SALT deduction cap. The K-shaped economy at work. [/quote] This is the giant caveat this tax season - the SALT deduction cap was passed very late in the year so like i said in the 300-500k post, those people will get more back. It's not like you could know that would be passed late in the year unless you're on the insider trading like all the polymarket people. [/quote]
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