Refund Coming News Today

Little bit delayed this year. ah, taxes. if you have a refund coming, it may take a while. blame it on budget cuts and staffing levels, which are the lowest since 1974. still, as of april 8, more than 70 million refunds have been issued, and the average refund is up almost 10% from last year. its now close to $3,200. but no refund for the president and first lady. they reported income of over $600,000 and paid $150,000 in federal income tax. vice president kamala harris and the second gentleman ...

Surprise to people because we knew that this would be coming down the pike. how do you think this will translate in terms of legislation? well start with you tom. >> it will come as a surprise because most of the people surveyed only 5% of the people even know about the deadline for ironing up for obamacare this year. tbiewr than that know anything about this penalty. it will be a surprise. but its also going to probably not shock anybody because of the fact the irs has already said that unless ...

Beginning. it seems to me that their anger on this issue is a starting place given how much political power they have in a country that really does respect what they have done particularly since 9/11. >> you would think so. theres a disconnect between the grassroots fetevens and the people in washington who supposedly represent them. the people in washington have drank the cuikool-aid. theyre tied into an inefficient system. as long as the system is so bad, veterans will come to them for help ra...

On this issue is a starting place given how much political power they have in a country that really does respect what they have done particularly since 9/11. >> you would think so. theres a disconnect between the grassroots fetevens and the people in washington who supposedly represent them. the people in washington have drank the kool-aid. theyre tied into an inefficient system. as long as the system is so bad, veterans will come to them for help rather than say lets have a raed calchange. you ...

Help rather than say lets have a radical change. you mentioned the irs. 20 years ago or so ago, they were completely dysfunctional. now when you file your 1040 on april 15th, if you have a refund coming, you get it back in three weeks guaranteed. how did they change from one dysfunctional agency to a very modern and efficient one? they said, look, were going to accept your claim, subject to audit. and thats what keeps us honest. we can do the same thing with veterans claims. when we have certifi...

Out there levied -- >> neil: if they can go after a refund, which theyre fine to do, you do not have a refund coming, how do they get it? >> its a fair question to ask. i dont know. my suspicion is -- >> neil: what if i want to either decrease or increase -- i guess increase my exemptioning to make sure that doesnt happen so if i dont get healthcare, they cant go after my refund. >> that presumes you have a bunch of people not getting healthcare because no ones making them do it. i think the rea...

Health care coverage and irs agents will have to verify that and then youll get fined for this and theyll handle that. >> right, here is the level of. here is what can happen. you will get a fine, a tax, you will get an obligation that youre going to have to pay to the federal government unless you have the prescribed mandated coverage that the federal government tells you, if you have an irs refund coming, they can confiscate that. theyre in all likelihood going to have he bes panned audit auth...