By Abolish Tenure
thursday, july 31, 2025 at 7:09:00 a.m. edt
New irs troubles
No tax refund for you until MARCH at the earliest! The IRS won't be ready.
All these cutesy little welfare handouts (child tax credit, obamacare subsidy a/k/a "premium tax credit", earned income tax credit, no tax on tips (asterisk), no tax on overtime (asterisk), deduct your car loan interest (asterisk), teachers who say they paid for classroom materials, etc etc etc... as well as the lingering not-dead-yet green energy tax benefits...
... all of these involve complications to tax forms... programming...testing...
and surprise! The IRS will need extra time to get ready. The starting date for next tax season is looking like mid-to-late February according to Mr. Commissioner. https://www.currentfederaltaxdevelopments.com/blog/2025/7/29/irs-commissioner-predicts-the-upcoming-filing-season-will-begin-around-presidents-day. Add 2 or 3 weeks for processing and the earliest possible refund date is now in March.
But congress and the president never think these things through. They just write stuff on paper and ram it through as part of a thousand page bill at 1:30am that nobody bothered to read. They turn the IRS into a welfare office and then take a five-week vacation to go do fundraising for themselves. The covid stuff was the worst - paycheck protection loans, employee retention credit, here's your child tax credit in advance, here's stimulus money to spend, and here's more stimulus money to spend.
(asterisk - well, actually 7.65% tax on tips and overtime, it's not "No Tax", and there's other income range phaseouts, "see worksheet in the instructions")
And all the blobbotax behemoths need to make the same kinds of software changes so they will charge you more next year.
Subscribe to:
Post Comments (Atom)
3 comments:
Maybe DOGE will send us a $5000 check with all their savings(divided by 200 million taxpayers).
--GRA
I wouldn't be surprised if there's an election year giveaway. Like the tariff money handout that Idiot Josh Hawley was pushing in July, or the doge giveaway Elon was pushing back in his Trump bromance days.
This is like a bad dream where I'm trapped on a Deal Or No Deal reboot with 30 trans/drag/obese models holding cases that all have amounts in the negative trillions. Brought on by a bad choice of bedtime story, "The Emperor's New Credit Limit".
ZH:Think Uncle Sam Owes $37 Trillion? It's Far Worse Than That(137 TRILLION).
GRA:I won't bore everyone with minor details(fake accounting),but what's a mere 100 trillion between deadbeats,anyways?
If you ignore your debt and aren't forced to pay it--or even acknowledge the full amount--it is as fake as bitcoin--which is worthless by any logical measure.
At least a dollar is still backed by the government,but what the hell is government debt? Not real,for one thing--as of now.
--GRA
Post a Comment