So, you can at least feel good about that.
#MAGA!

Additional tax dollars are going to corporations and billionaires, right?

No, it's actually a tax HIKE for most people.

2020 will be the final year that the Russiapublican Party exists.

(Apologies, it was nearly involuntary)

I am a senior citizen and for the past two or three years have paid no state or federal income taxes, because my income is so low.

However, at the end of last year I started drawing money from two annuities, and it's possible that will trigger taxes for me. I generally don't get all the paperwork I need until at least mid-March, and so my taxes are always done about the first week in April. I am fortunate enough to have enough of a cushion that I'm not likely to be nailed with so large a tax bill that I won't be able to pay it, and to be honest, in my situation, while I might grumble a bit, I will hope to feel happy that my income did increase enough to pay taxes.

My taxes are complicated only because I have various investments, and I have an excellent accountant. That said, I'm not losing a whole lot of credits or deductions as others here are. I seem to recall a recent posting from a trucker who is being royally screwed out of fully legitimate deductions.

Sadly, my few mutual funds had big LT payouts. Doubtless due to the huge swings in the market.
I will probably have a big chunk to pay come April.
Not amused.

Someone posted that the IRS DID NOT change the withholding tables. This was done so that tax returns (based on lower tax rates) would look bigger since worker pay withheld at old, higher rates.

This made sense to me because I never heard anyone excited/happy or even mention that their pay checks were higher last year.

People saw more in their paychecks because the government changed the withholding tables for employers to withhold less federal tax for 2018. People saw more each week but only because they withheld less. Thousands use their federal refund as a savings account and are going to be disappointed when they do not get what they were expecting.

I work for the IRS and we were reminded every two weeks to check our withholdings on our paychecks to make sure we don’t come up short when we filed our 2018 1040. An IRS employee is not allowed to even file a balance due return. You will be called into your boss’s office and could receive a reprimand, other punishment or firing for not paying your taxes by April 15th, or whatever due date for each year’s return. The date now changes due to federal and DC holidays that fall around 4/15.

I claim single, no dependents and after running the worksheet to check my federal withholdings, I ended up increasing my withholding twice to an extra $150.00 a pay period to make sure I don’t come up really short.

Sorry. They really screwed a lot of people and you're not the only one being shocked.

Rate but that is to be expected as I am a business owner so the 20% qualified business deduction helps a ton.