Shocked by your 2018 Tax Bill?

Published: May 28, 2019, 5:23 p.m.

Many people are still in shock after filing their 2018 federal and state income taxes. Because the new federal tax law \u2014 the 2017 Tax Cuts and Jobs Act \u2014 reduced marginal tax rates, many people expected a refund would be coming their way. But for some high-income households, that turned out not be the case.