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Philly Inquirer

What some folks are giving up this year because they didn’t get that big tax refund

By Anna Orso

Certainly, the changes to the tax law have left the typical taxpayer confused, according to investment company Betterment, which surveyed 1,000 people in February. While 85 percent of respondents felt at least somewhat confident in their knowledge of taxes, a quiz showed otherwise: Just half of respondents knew the percentage of their paycheck being withheld and only 16 percent knew the new standard deduction for single tax filers (correct answer: $12,000).

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This article originally published April 10th, 2019 on Philly Inquirer

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