<<Q: ...does that mean that,come April when I do
my form and have $600 coming back to me, that none of it will come back
because I already got it now (this August?)
les>>
That's exactly what it means, keeping in
mind that 'coming back to me' means an
offset to your tax liability. In other
words, suppose under old law you would
owe $1,000 next April. Under new law,
you only owe $400, but since Uncle George
gives you $600 now, in April you pay
$1,000. Your net obligation is still
the same -- $400. You've gotten an
interest-free loan on next year's tax
cut. Have a happy.
mbs
------------------------------ >> Whoa. I knew there was something tricky about it. Thanks for helping me understand what it was...
Les