Tax season delivers historic tax refunds
Q: How is the Working Families Tax Cuts Act helping families make ends meet? A: The tax law delivered a welcome boost to family budgets this tax season. According to the IRS, the average tax refund is up 11 percent compared to last year. Estimates show the average tax cut for Iowans is more than $3,000, equating to an extra $250 a month. That’s a financial lift families can use to buy groceries, pay for child care, put gas in the car and invest in home repairs. President Trump’s signature on July 4th enacted the landmark law, stopping the largest tax increase in U.S. history. ...