Government shutdown won’t delay tax refunds: White House

New York Post | 1/7/2019 | Staff
katz1234 (Posted by) Level 3
Click For Photo: https://thenypost.files.wordpress.com/2019/01/government-shutdown-wont-delay-tax-refunds.jpg?quality=90&strip=all&w=1200

WASHINGTON — Taxpayers who are owed refunds will be paid on time, despite the government shutdown that has closed many federal agencies, a Trump administration official said Monday as concern mounted over the risk that the payments could be delayed.

The acting director of the White House budget office, Russell Vought, said customary rules will be changed to make the payments possible. He told reporters that an “indefinite appropriation” was available for the refunds, which would go out as normal.

Week - Government - Shutdown - Time - Internal

As it dragged through a third week, the partial government shutdown could not have come at a worse time for the Internal Revenue Service. Tax-filing season officially begins Jan. 28, and while those who owe Uncle Sam will still have to pay up by April 15, people who are due to receive money back have worried about whether the closure could postpone their payments.

About three-quarters of taxpayers receive annual refunds, giving them an incentive to file their returns early. Many lower-income people count on refunds as their biggest cash infusion of the year.

IRS - Monday - Number - Employees - Returns

The IRS said late Monday that it will recall a large number of furloughed employees to process returns. They will probably work without pay. Under the previous rules, hundreds of billions of dollars in refunds could be delayed because funding would not be available.

Some experts question whether the Trump administration has the legal authority to reverse those earlier policies to allow the government to issue refunds during a shutdown. Vought framed the move as part of President Donald Trump’s goal to make the shutdown “as painless as possible.”

Administration - Announcement - House - Speaker - Nancy

The administration’s announcement came as House Speaker Nancy Pelosi signaled her intention to begin passing individual bills to reopen federal agencies in the coming days, starting with the Treasury Department, which includes the IRS, to ensure Americans receive their refunds.

Some Senate Republicans have...
(Excerpt) Read more at: New York Post
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!