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National Report>Normally when you file your taxes whatever money is owed back to you is quickly repaid. The process of getting your money back has been made even quicker in recent years through the use of E-file and direct deposit of Federal tax rebates. But starting in 2015 Federal tax refunds for the 2014 fiscal year are going to take longer for Americans to receive. A lot longer.
The deadline to have your Federal taxes filed will remain April 15th, but under new directives issued to the IRS no refunds are to be issued before October 15th, 2015. This means that early filers who normally receive their refunds around the beginning of February will have to wait an additional 7 months longer than normal to get the money owed to them.
The directive to delay tax refunds is being championed by the Obama administration, which claims that the measure will save the Federal Government billions of dollars. Every year the Federal Government returns around 350 billion dollars of what it has collected. By withholding repayment until October the Government stands to save an estimated 30 billion dollars on borrowing costs and additional interest generated from the withheld funds. MOREHERE
They pulled this same stunt with Clinton and the VA. Some Democrat genius decided to roll VA retirement checks FORWARD one day, from the last day of the month, to the first day of the month, in the early 90′s. While it only delayed the checks a day, from the 31st to the 1st, it literally ‘dropped’ a whole month’s checks in fact. Basically, you were paid for August 31st (the end of August payment), then you were paid October 1 (first of October’s payment) and you never saw September’s payment, but being delayed only one day, you ‘weren’t supposed to notice’. This facilitated Clinton rolling up a few BILLION in budget savings for a year (the same year he played number magic with Social Security to ‘balance the budget’, that the Democrats always want to give him credit for – when in reality, all he did was take away the SS surplus and solid underpinnings, and spend it to pay the debt down).
Now, what few realize, is that the U.S. Government’s budget BEGINS on October 1, not January 1. What they are about to do is TAX YOU for FY 2014, NOT PAY YOUR OVERPAYMENT BACK in 2015, AND THEN pay you in 2016 for their debt owed you for 2015. They are about to MAKE YOU TAKE a zero-percent loan for them, on your money, at no-charge.
You have two things you can do, to really hurt them where it counts. You can quickly (you haven’t much time) adjust your W4 withholdings to make sure you aren’t letting them hold ANY EXTRA CASH other than what they are actually due, and you can delay your filing until April 15th (since you won’t be paid anyway). If you OWE THEM MONEY, make SURE to delay filing until AT LEAST April 15th, and if possible, file for the MAXIMUM EXTENSION. Take this opportunity to MINIMIZE this DEMOCRAT-THEFT (being as ONLY DEMOCRATS have been the ONLY PARTY to EVER do this to the American Citizen, since they first lied to the citizens of the nation, and created the ‘TEMPORARY FEDERAL INCOME TAX’ to repay a war debt one-hundred years ago (that is already paid back now).
Democrats – born liars, thieves and Progressive Socialist-Communists to the core. Watch out, the new Southern Democrats took such a beating in the latest mid-term elections, they are ALREADY trying to rebrand their party (while changing NOTHING about it), so that they ‘sound more American-friendly’ to the hostile American voters.
You’d think eventually, they’d do something so bad to get into the pockets of their sheeple voting constituents, that they’d get voted out – but no matter what they do, there’s always a liberal supporter who’s rich but somehow can’t add 1+1 to figure out it’s 2. Imagine that.
From Kate47:
Dustdevil,
I really enjoyed your comment… I learned some things from you I had never heard before… Thank you!
From Kate47:
They don’t have an emoticon for ROFL…
Many years ago, something happened at the IRS and I didn’t get my refund for 6 months… I called the IRS finally and they dug into it.. The next thing I knew about it was a check in my mail box for my refund PLUS an added 6% interest they gave me for NOT getting it out in a timely manner.. ALSO a letter of apology!
BOY have times changed! IF they keep our refunds for that length of time, then by the standards the IRS had back when that happened to me, WE ALL should receive on our checks an added 6% interest…
What a crock, this artical is a hoax.
https://refundschedule.com/
and the end begins!
It’s a satirical piece from the National Report. A comedy site like The Onion. Not true.