Labor & Taxes
Extraordinary IRS refund in November is 'excessive', taxpayers will feel the adjustment in 2027
The Public Finance Council (CFP) warns that the IRS tax adjustments made through special withholding tables in 2026 result in lower-than-intended tax collection, leading to higher tax bills (acertos) for taxpayers when they file their declarations in 2027.
Why it matters
If you are currently paying lower monthly IRS tax due to the special 2026 withholding tables, you should be prepared for a potentially higher tax bill or a smaller refund when you file your 2026 tax return in 2027, as the current system may be collecting less tax than you actually owe.ExpressoRead original ↗
