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Year, that's a nice tax cut if you are making 70,000 or $80,000 a year. what's interesting is we are figuring out why these tax refunds coming in lower than last year. it looks like what happens is companies change withholding patterns so they gave workers more tax cut week after week so they got a small return. that's a good deal for taxpayers. you rather have the money up or give the government an interest free loan. front or get the money at the back end. that's the explanation. it is not that people did not get the tax cut, they got the tax cut each week out of their paycheck but rather th...

2018 returns are the first year under the trump tax cuts, personal and business taxes lowered but states and local tax deductions cap. the irs of that over 70% of americans received tax refunds last year averaging close to $2900 for those in high tax states with higher incomes might not get much back this year. >> so i think there's an awful lot of folks, especially in the state to mention, new jersey, california, new york, who are going to be disappointed as they were expecting a refund, they will maybe wind up paying. >> it's important to note that tax refunds and tax cuts are not the same t...

Involving a bogus refound. the agency says thousands have been targeted by the trick. tom costello has more on what you need to be on the lookout for. >> it's a new twist on an old scam. >> the reason of this call is to inform you that the irs is file ago lawsuit against you for tax fraud. >> an automated call claim to go by the irs threatening arrest if the taxpayer doesn't return an irs refund. but here is what's different. the victim actuallies has received an irs refund that the scammers have filed on his or her behalf. now the scammers want the money. >> call us back on our department num...

District that's rural. >> you know, it really doesn't divide on rural or urban as much as it does making sure that almost every single american gets a tax cut, joe. when you look at it, the tax policy center, who is a nonpartisan analysis, said that less than 5% of the american people would not get a tax break. some of those, obviously, in new york and california where state and local tax was the biggest issue. but for my constituents, the average taxpayer will get over a $2,000 refund check that they wouldn't have got under a democrat administration. so, it's a good day for my district. not j...

Area and expanded to five locations with 30 employees. it is a staple not just for new orleans residents, but people around the world who want to keep the peace wherever they go and lauren joins us live. thank you so much for joining me. >> thanks for having me. >> i made full disclosure. everyone knows i love new orleans. >> come visit! >> i will be there soon. i think what is awesome is that you took your refund check where people wonder do they go on vacation or put it in savings? what do they do with the money, it is actually your money, but what do you do with it? how did you turn the $20...