2019 Tax Returns will be a filing experience never encountered previously

Published: Jan. 12, 2020, 11:02 p.m.

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  • The Tax Cuts and Jobs Act marked the first overhaul of the tax code in more than three decades.
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  • Massive changes that went through include a doubling of the standard deduction, the elimination of personal exemptions and a cut to individual income tax rates.
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  • In 2018, the first year of the overhaul, the IRS issued 111.6 million refunds for 2018 returns filed through Nov. 22, with taxpayers getting an average refund of $2,860.
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